Minneapolis/St. Paul, Minnesota prices:$1.73 in 1994$3.70 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1994-2025 ($1.73)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 113.65% higher in 2025 versus 1994 (a $1.97 difference in value).

Between 1994 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, $1.73 in Minneapolis/St. Paul in the year 1994 would cost $3.70 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1994: Pricing changed by 3.16%, which is above the average yearly change in Minneapolis/St. Paul during the 1994-2025 time period. Compared to inflation for all items in 1994 (2.61%), 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
Women's apparel · Food · Minneapolis-St Paul, Minnesota · Bananas · More

Buying power of $1.73 since 1994

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1.73 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$1.733.16%
1995$1.772.37%
1996$1.833.33%
1997$1.872.30%
1998$1.911.87%
1999$1.973.16%
2000$2.054.16%
2001$2.133.76%
2002$2.161.76%
2003$2.201.73%
2004$2.262.85%
2005$2.332.77%
2006$2.361.61%
2007$2.422.57%
2008$2.523.83%
2009$2.50-0.51%
2010$2.551.85%
2011$2.643.59%
2012$2.702.33%
2013$2.761.94%
2014$2.801.40%
2015$2.78-0.62%
2016$2.821.55%
2017$2.882.18%
2018$2.952.40%
2019$3.012.10%
2020$3.051.16%
2021$3.204.84%
2022$3.437.45%
2023$3.532.71%
2024$3.612.44%
2025$3.702.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1994* 1994 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 143.600 in the year 1994 and 306.806 in 2025:

306.806 / 143.600* $1.73 = $3.70

Therefore, according to U.S. Bureau of Labor Statistics, $1.73 in 1994 has the same "purchasing power" as $3.70 in 2025 (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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