According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 51.59% higher in 2023 versus 2005 (a $2,321.54 difference in value).
Between 2005 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.34% per year. This rate of change indicates significant inflation. In other words, $4,500 in Minneapolis/St. Paul in the year 2005 would cost $6,821.54 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation in Minneapolis/St. Paul was lower.
In the year 2005: Pricing changed by 2.77%, which is above the average yearly change in Minneapolis/St. Paul during the 2005-2023 time period. Compared to inflation for all items in 2005 (3.39%), inflation in Minneapolis/St. Paul was lower.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $4,500 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2005 | $4,500.00 | 2.77% |
| 2006 | $4,572.24 | 1.61% |
| 2007 | $4,689.86 | 2.57% |
| 2008 | $4,869.55 | 3.83% |
| 2009 | $4,844.64 | -0.51% |
| 2010 | $4,934.11 | 1.85% |
| 2011 | $5,111.47 | 3.59% |
| 2012 | $5,230.79 | 2.33% |
| 2013 | $5,332.21 | 1.94% |
| 2014 | $5,406.83 | 1.40% |
| 2015 | $5,373.13 | -0.62% |
| 2016 | $5,456.51 | 1.55% |
| 2017 | $5,575.22 | 2.18% |
| 2018 | $5,708.75 | 2.40% |
| 2019 | $5,828.47 | 2.10% |
| 2020 | $5,895.84 | 1.16% |
| 2021 | $6,181.24 | 4.84% |
| 2022 | $6,641.82 | 7.45% |
| 2023 | $6,821.54 | 2.71%* |
* 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:
| Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| CPI | 103.100 | 107.000 | 108.400 | 111.600 | 117.200 | 122.000 | 127.000 | 130.400 | 135.000 | 139.200 | 143.600 | 147.000 | 151.900 | 155.400 | 158.300 | 163.300 | 170.100 | 176.500 | 179.600 | 182.700 | 187.900 | 193.100 | 196.200 | 201.247 | 208.958 | 207.889 | 211.728 | 219.339 | 224.459 | 228.811 | 232.013 | 230.567 | 234.145 | 239.239 | 244.969 | 250.106 | 252.997 | 265.244 | 285.008 | 292.720 |