According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 8.28% higher in 2021 versus 2018 (a $82.77 difference in value).
Between 2018 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.69% per year. This rate of change indicates significant inflation. In other words, $1,000 in Minneapolis/St. Paul in the year 2018 would cost $1,082.77 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation in Minneapolis/St. Paul was higher.
In the year 2018: Pricing changed by 2.40%, which is below the average yearly change in Minneapolis/St. Paul during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), inflation in Minneapolis/St. Paul was lower.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,000 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota: