Minneapolis/St. Paul, Minnesota prices: $89.99 in 1989 → $221.18 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2024 ($89.99)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 145.78% higher in 2024 versus 1989 (a $131.19 difference in value).

Between 1989 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, $89.99 in Minneapolis/St. Paul in the year 1989 would cost $221.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Minneapolis/St. Paul was lower.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).
View price changes for other categories
Admission to sporting events · Educational books and supplies · Hospital services · Indoor plants and flowers · More

Buying power of $89.99 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $89.99 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$89.994.10%
1990$93.684.10%
1991$96.192.68%
1992$99.583.53%
1993$102.683.11%
1994$105.923.16%
1995$108.432.37%
1996$112.043.33%
1997$114.632.30%
1998$116.771.87%
1999$120.453.16%
2000$125.474.16%
2001$130.193.76%
2002$132.481.76%
2003$134.761.73%
2004$138.602.85%
2005$142.432.77%
2006$144.721.61%
2007$148.442.57%
2008$154.133.83%
2009$153.34-0.51%
2010$156.181.85%
2011$161.793.59%
2012$165.572.33%
2013$168.781.94%
2014$171.141.40%
2015$170.07-0.62%
2016$172.711.55%
2017$176.472.18%
2018$180.692.40%
2019$184.482.10%
2020$186.621.16%
2021$195.654.84%
2022$210.237.45%
2023$215.922.71%
2024$221.182.44%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 299.852 in 2024:

299.852 / 122.000 * $89.99 = $221.18

Therefore, according to U.S. Bureau of Labor Statistics, $89.99 in 1989 has the same "purchasing power" as $221.18 in 2024 (in the CPI category of Minneapolis-St Paul, Minnesota).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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