Minneapolis/St. Paul, Minnesota prices: $12,495 in 1990 → $29,501.19 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($12,495)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $17,006.19 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, $12,495 in Minneapolis/St. Paul in the year 1990 would cost $29,501.19 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
Gasoline (all types) · Educational books and supplies · Public transportation · Minneapolis-St Paul, Minnesota · More

Buying power of $12,495.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $12,495 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$12,495.004.10%
1991$12,829.512.68%
1992$13,282.093.53%
1993$13,695.313.11%
1994$14,128.203.16%
1995$14,462.722.37%
1996$14,944.813.33%
1997$15,289.162.30%
1998$15,574.481.87%
1999$16,066.413.16%
2000$16,735.434.16%
2001$17,365.103.76%
2002$17,670.091.76%
2003$17,975.091.73%
2004$18,486.702.85%
2005$18,998.302.77%
2006$19,303.301.61%
2007$19,799.852.57%
2008$20,558.513.83%
2009$20,453.33-0.51%
2010$20,831.031.85%
2011$21,579.853.59%
2012$22,083.582.33%
2013$22,511.761.94%
2014$22,826.791.40%
2015$22,684.52-0.62%
2016$23,036.551.55%
2017$23,537.732.18%
2018$24,101.482.40%
2019$24,606.892.10%
2020$24,891.321.16%
2021$26,096.254.84%
2022$28,040.757.45%
2023$28,799.502.71%
2024$29,501.192.44%*

* 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 * $12,495 = $29,501.19

Therefore, according to U.S. Bureau of Labor Statistics, $12,495 in 1990 has the same "purchasing power" as $29,501.19 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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