Minneapolis/St. Paul, Minnesota prices: $2,658 in 2000 → $4,685.52 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2024 ($2,658)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 76.28% higher in 2024 versus 2000 (a $2,027.52 difference in value).

Between 2000 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.39% per year. This rate of change indicates significant inflation. In other words, $2,658 in Minneapolis/St. Paul in the year 2000 would cost $4,685.52 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2000: Pricing changed by 4.16%, which is above the average yearly change in Minneapolis/St. Paul during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), inflation in Minneapolis/St. Paul was higher.

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 · New trucks · Airline fares · Legal services · More

Buying power of $2,658.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,658 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$2,658.004.16%
2001$2,758.013.76%
2002$2,806.451.76%
2003$2,854.891.73%
2004$2,936.142.85%
2005$3,017.402.77%
2006$3,065.841.61%
2007$3,144.712.57%
2008$3,265.203.83%
2009$3,248.49-0.51%
2010$3,308.481.85%
2011$3,427.413.59%
2012$3,507.422.33%
2013$3,575.421.94%
2014$3,625.461.40%
2015$3,602.86-0.62%
2016$3,658.771.55%
2017$3,738.372.18%
2018$3,827.912.40%
2019$3,908.182.10%
2020$3,953.361.16%
2021$4,144.734.84%
2022$4,453.567.45%
2023$4,574.072.71%
2024$4,685.522.44%*

* 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 2000 * 2000 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 170.100 in the year 2000 and 299.852 in 2024:

299.852 / 170.100 * $2,658 = $4,685.52

Therefore, according to U.S. Bureau of Labor Statistics, $2,658 in 2000 has the same "purchasing power" as $4,685.52 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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