Minneapolis/St. Paul, Minnesota prices: $0.19 in 2006 $0.29 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2006-2024 ($0.19)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 52.83% higher in 2024 versus 2006 (a $0.10 difference in value).

Between 2006 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.38% per year. This rate of change indicates significant inflation. In other words, $0.19 in Minneapolis/St. Paul in the year 2006 would cost $0.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2006: Pricing changed by 1.61%, which is below the average yearly change in Minneapolis/St. Paul during the 2006-2024 time period. Compared to inflation for all items in 2006 (3.23%), inflation in Minneapolis/St. Paul was lower.

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 $0.19 since 2006

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $0.19 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2006$0.191.61%
2007$0.192.57%
2008$0.203.83%
2009$0.20-0.51%
2010$0.211.85%
2011$0.213.59%
2012$0.222.33%
2013$0.221.94%
2014$0.221.40%
2015$0.22-0.62%
2016$0.231.55%
2017$0.232.18%
2018$0.242.40%
2019$0.242.10%
2020$0.251.16%
2021$0.264.84%
2022$0.287.45%
2023$0.282.71%
2024$0.292.44%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2006 * 2006 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 196.200 in the year 2006 and 299.852 in 2024:

299.852 / 196.200 * $0.19 = $0.29

Therefore, according to U.S. Bureau of Labor Statistics, $0.19 in 2006 has the same "purchasing power" as $0.29 in 2024 (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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