According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 6.05% higher in 2021 versus 2019 (a $0.06 difference in value).
Between 2019 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.98% per year. This rate of change indicates significant inflation. In other words, $1 in Minneapolis/St. Paul in the year 2019 would cost $1.06 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.95% during this same period, inflation in Minneapolis/St. Paul was higher.
In the year 2019: Pricing changed by 2.10%, which is below the average yearly change in Minneapolis/St. Paul during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), inflation in Minneapolis/St. Paul was higher.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1 beginning in 2019. 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: