Minneapolis/St. Paul, Minnesota prices: $1,084,939,099 in 2012 $1,377,607,147.53 in 2022

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2012-2022 ($1,084,939,099)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 26.98% higher in 2022 versus 2012 (a $292,668,048.53 difference in value).

Between 2012 and 2022: Minneapolis/St. Paul experienced an average inflation rate of 2.42% per year. This rate of change indicates significant inflation. In other words, $1,084,939,099 in Minneapolis/St. Paul in the year 2012 would cost $1,377,607,147.53 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2012: Pricing changed by 2.33%, which is below the average yearly change in Minneapolis/St. Paul during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), 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 $1,084,939,099.00 since 2012

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,084,939,099 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2012$1,084,939,099.002.33%
2013$1,105,974,811.351.94%
2014$1,121,451,914.051.40%
2015$1,114,462,566.61-0.62%
2016$1,131,757,092.991.55%
2017$1,156,379,316.962.18%
2018$1,184,075,693.752.40%
2019$1,208,905,761.382.10%
2020$1,222,879,622.691.16%
2021$1,282,076,398.704.84%
2022$1,377,607,147.537.45%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2012 * 2012 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 224.459 in the year 2012 and 285.008 in 2022:

285.008 / 224.459 * $1,084,939,099 = $1,377,607,147.53

Therefore, according to U.S. Bureau of Labor Statistics, $1,084,939,099 in 2012 has the same "purchasing power" as $1,377,607,147.53 in 2022 (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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