Minneapolis/St. Paul, Minnesota prices: $1,009.46 in 1990 → $2,383.37 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,009.46)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,373.91 difference in value).

Between 1990 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $1,009.46 in Minneapolis/St. Paul in the year 1990 would cost $2,383.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2024 time period. Compared to inflation for all items in 1990 (5.40%), 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
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Buying power of $1,009.46 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,009.46 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,009.464.10%
1991$1,036.482.68%
1992$1,073.053.53%
1993$1,106.433.11%
1994$1,141.413.16%
1995$1,168.432.37%
1996$1,207.383.33%
1997$1,235.202.30%
1998$1,258.251.87%
1999$1,297.993.16%
2000$1,352.044.16%
2001$1,402.913.76%
2002$1,427.551.76%
2003$1,452.191.73%
2004$1,493.522.85%
2005$1,534.862.77%
2006$1,559.501.61%
2007$1,599.612.57%
2008$1,660.903.83%
2009$1,652.41-0.51%
2010$1,682.921.85%
2011$1,743.423.59%
2012$1,784.112.33%
2013$1,818.711.94%
2014$1,844.161.40%
2015$1,832.66-0.62%
2016$1,861.101.55%
2017$1,901.592.18%
2018$1,947.142.40%
2019$1,987.972.10%
2020$2,010.951.16%
2021$2,108.294.84%
2022$2,265.397.45%
2023$2,326.692.71%
2024$2,383.372.44%*

* 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 1990 * 1990 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 127.000 in the year 1990 and 299.852 in 2024:

299.852 / 127.000 * $1,009.46 = $2,383.37

Therefore, according to U.S. Bureau of Labor Statistics, $1,009.46 in 1990 has the same "purchasing power" as $2,383.37 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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