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.
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:
|Year||USD Value||Inflation Rate|
* 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: