According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 23.61% higher in 2022 versus 2015 (a $4,722.36 difference in value).
Between 2015 and 2022: Minneapolis/St. Paul experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, $20,000 in Minneapolis/St. Paul in the year 2015 would cost $24,722.36 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.06% during this same period, inflation in Minneapolis/St. Paul was higher.
In the year 2015: Pricing changed by -0.62%, which is significantly below the average yearly change in Minneapolis/St. Paul during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation in Minneapolis/St. Paul was lower.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20,000 beginning in 2015. 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: