Minneapolis/St. Paul, Minnesota prices: $93 in 1992 $206.56 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2024 ($93)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 122.11% higher in 2024 versus 1992 (a $113.56 difference in value).

Between 1992 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, $93 in Minneapolis/St. Paul in the year 1992 would cost $206.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2024 time period. Compared to inflation for all items in 1992 (3.03%), inflation in Minneapolis/St. Paul was higher.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
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Buying power of $93.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $93 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$93.003.53%
1993$95.893.11%
1994$98.923.16%
1995$101.272.37%
1996$104.643.33%
1997$107.052.30%
1998$109.051.87%
1999$112.503.16%
2000$117.184.16%
2001$121.593.76%
2002$123.721.76%
2003$125.861.73%
2004$129.442.85%
2005$133.022.77%
2006$135.161.61%
2007$138.642.57%
2008$143.953.83%
2009$143.21-0.51%
2010$145.861.85%
2011$151.103.59%
2012$154.632.33%
2013$157.631.94%
2014$159.831.40%
2015$158.84-0.62%
2016$161.301.55%
2017$164.812.18%
2018$168.762.40%
2019$172.302.10%
2020$174.291.16%
2021$182.724.84%
2022$196.347.45%
2023$201.652.71%
2024$206.562.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1992 * 1992 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 135.000 in the year 1992 and 299.852 in 2024:

299.852 / 135.000 * $93 = $206.56

Therefore, according to U.S. Bureau of Labor Statistics, $93 in 1992 has the same "purchasing power" as $206.56 in 2024 (in the CPI category of Minneapolis-St Paul, Minnesota).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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