Minneapolis/St. Paul, Minnesota prices:$24 in 1996$48.47 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1996-2025 ($24)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 101.98% higher in 2025 versus 1996 (a $24.47 difference in value).

Between 1996 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.45% per year. This rate of change indicates significant inflation. In other words, $24 in Minneapolis/St. Paul in the year 1996 would cost $48.47 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1996: Pricing changed by 3.33%, which is above the average yearly change in Minneapolis/St. Paul during the 1996-2025 time period. Compared to inflation for all items in 1996 (2.93%), 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 $24.00 since 1996

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $24 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$24.003.33%
1997$24.552.30%
1998$25.011.87%
1999$25.803.16%
2000$26.884.16%
2001$27.893.76%
2002$28.381.76%
2003$28.871.73%
2004$29.692.85%
2005$30.512.77%
2006$31.001.61%
2007$31.802.57%
2008$33.023.83%
2009$32.85-0.51%
2010$33.451.85%
2011$34.663.59%
2012$35.462.33%
2013$36.151.94%
2014$36.661.40%
2015$36.43-0.62%
2016$36.991.55%
2017$37.802.18%
2018$38.702.40%
2019$39.522.10%
2020$39.971.16%
2021$41.914.84%
2022$45.037.45%
2023$46.252.71%
2024$47.382.44%
2025$48.472.32%*

* 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 1996* 1996 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 151.900 in the year 1996 and 306.806 in 2025:

306.806 / 151.900* $24 = $48.47

Therefore, according to U.S. Bureau of Labor Statistics, $24 in 1996 has the same "purchasing power" as $48.47 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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