Minneapolis/St. Paul, Minnesota prices:$32,000 in 2001→$54,364.10 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2001-2026 ($32,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 69.89% higher in 2026 versus 2001 (a $22,364.10 difference in value).

Between 2001 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.14% per year. This rate of change indicates significant inflation. In other words, $32,000 in Minneapolis/St. Paul in the year 2001 would cost $54,364.10 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2001: Pricing changed by 3.76%, which is above the average yearly change in Minneapolis/St. Paul during the 2001-2026 time period. Compared to inflation for all items in 2001 (2.83%), 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 $32,000.00 since 2001

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $32,000 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$32,000.003.76%
2002$32,562.041.76%
2003$33,124.081.73%
2004$34,066.862.85%
2005$35,009.632.77%
2006$35,571.671.61%
2007$36,486.712.57%
2008$37,884.743.83%
2009$37,690.92-0.51%
2010$38,386.951.85%
2011$39,766.843.59%
2012$40,695.122.33%
2013$41,484.151.94%
2014$42,064.681.40%
2015$41,802.52-0.62%
2016$42,451.221.55%
2017$43,374.782.18%
2018$44,413.642.40%
2019$45,345.002.10%
2020$45,869.141.16%
2021$48,089.564.84%
2022$51,672.847.45%
2023$53,071.052.71%
2024$54,364.102.44%
2025$54,364.100.00% **
2026$54,364.100.00% **

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852299.852299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 2001* 2001 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 176.500 in the year 2001 and 299.852 in 2026:

299.852 / 176.500* $32,000 = $54,364.10

Therefore, according to U.S. Bureau of Labor Statistics, $32,000 in 2001 has the same "purchasing power" as $54,364.10 in 2026 (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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