Minneapolis/St. Paul, Minnesota prices:$24 in 2008$35.24 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2008-2025 ($24)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 46.83% higher in 2025 versus 2008 (a $11.24 difference in value).

Between 2008 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.29% per year. This rate of change indicates significant inflation. In other words, $24 in Minneapolis/St. Paul in the year 2008 would cost $35.24 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2008: Pricing changed by 3.83%, which is above the average yearly change in Minneapolis/St. Paul during the 2008-2025 time period. Compared to inflation for all items in 2008 (3.84%), 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 $24.00 since 2008

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $24 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$24.003.83%
2009$23.88-0.51%
2010$24.321.85%
2011$25.193.59%
2012$25.782.33%
2013$26.281.94%
2014$26.651.40%
2015$26.48-0.62%
2016$26.891.55%
2017$27.482.18%
2018$28.142.40%
2019$28.732.10%
2020$29.061.16%
2021$30.464.84%
2022$32.737.45%
2023$33.622.71%
2024$34.442.44%
2025$35.242.32%*

* 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 2008* 2008 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 208.958 in the year 2008 and 306.806 in 2025:

306.806 / 208.958* $24 = $35.24

Therefore, according to U.S. Bureau of Labor Statistics, $24 in 2008 has the same "purchasing power" as $35.24 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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