According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota were 9.04% higher in 2020 versus 2014 (a $45.22 difference in value).
Between 2014 and 2020: Minneapolis/St. Paul experienced an average inflation rate of 1.45% per year. In other words, $500 in Minneapolis/St. Paul in the year 2014 would cost $545.22 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation in Minneapolis/St. Paul was lower.
In the year 2014: Pricing changed by 1.40%, which is below the average yearly change in Minneapolis/St. Paul during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation in Minneapolis/St. Paul was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $500 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|