Minneapolis/St. Paul, Minnesota prices: $5,539 in 1994 $10,231.10 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1994-2021 ($5,539)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 84.71% higher in 2021 versus 1994 (a $4,692.10 difference in value).

Between 1994 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.30% per year. This rate of change indicates significant inflation. In other words, $5,539 in Minneapolis/St. Paul in the year 1994 would cost $10,231.10 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.26% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1994: Pricing changed by 3.16%, which is above the average yearly change in Minneapolis/St. Paul during the 1994-2021 time period. Compared to inflation for all items in 1994 (2.60%), 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
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Buying power of $5,539.00 since 1994

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,539 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$5,539.003.16%
1995$5,670.152.37%
1996$5,859.153.33%
1997$5,994.152.30%
1998$6,106.011.87%
1999$6,298.883.16%
2000$6,561.174.16%
2001$6,808.033.76%
2002$6,927.611.76%
2003$7,047.181.73%
2004$7,247.762.85%
2005$7,448.332.77%
2006$7,567.911.61%
2007$7,762.582.57%
2008$8,060.023.83%
2009$8,018.78-0.51%
2010$8,166.861.85%
2011$8,460.443.59%
2012$8,657.932.33%
2013$8,825.791.94%
2014$8,949.301.40%
2015$8,893.53-0.62%
2016$9,031.541.55%
2017$9,228.032.18%
2018$9,449.052.40%
2019$9,647.192.10%
2020$9,758.711.16%
2021$10,231.104.84%*
* Not final. See inflation summary for latest details.

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

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1994 * 1994 USD value = 2021 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 265.244 in 2021:

265.244 / 143.600 * $5,539 = $10,231.10

Therefore, according to U.S. Bureau of Labor Statistics, $5,539 in 1994 has the same "purchasing power" as $10,231.10 in 2021 (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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