Minneapolis/St. Paul, Minnesota prices: $2,658 in 1990 → $6,275.64 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,658)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $3,617.64 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, $2,658 in Minneapolis/St. Paul in the year 1990 would cost $6,275.64 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
Frankfurters · Electricity · Boston, Massachusetts · Medical care · More

Buying power of $2,658.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,658 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,658.004.10%
1991$2,729.162.68%
1992$2,825.433.53%
1993$2,913.343.11%
1994$3,005.423.16%
1995$3,076.582.37%
1996$3,179.143.33%
1997$3,252.392.30%
1998$3,313.081.87%
1999$3,417.733.16%
2000$3,560.054.16%
2001$3,693.993.76%
2002$3,758.871.76%
2003$3,823.751.73%
2004$3,932.582.85%
2005$4,041.422.77%
2006$4,106.301.61%
2007$4,211.932.57%
2008$4,373.313.83%
2009$4,350.94-0.51%
2010$4,431.281.85%
2011$4,590.583.59%
2012$4,697.732.33%
2013$4,788.821.94%
2014$4,855.831.40%
2015$4,825.57-0.62%
2016$4,900.451.55%
2017$5,007.072.18%
2018$5,126.992.40%
2019$5,234.502.10%
2020$5,295.011.16%
2021$5,551.334.84%
2022$5,964.977.45%
2023$6,126.382.71%
2024$6,275.642.44%*

* 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 * $2,658 = $6,275.64

Therefore, according to U.S. Bureau of Labor Statistics, $2,658 in 1990 has the same "purchasing power" as $6,275.64 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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