Minneapolis/St. Paul, Minnesota prices: $1,462 in 2010 → $2,070.50 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2010-2024 ($1,462)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 41.62% higher in 2024 versus 2010 (a $608.50 difference in value).

Between 2010 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, $1,462 in Minneapolis/St. Paul in the year 2010 would cost $2,070.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2010: Pricing changed by 1.85%, which is below the average yearly change in Minneapolis/St. Paul during the 2010-2024 time period. Compared to inflation for all items in 2010 (1.64%), 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
Alcoholic beverages · New cars · Fish and seafood · Indoor plants and flowers · More

Buying power of $1,462.00 since 2010

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,462 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2010$1,462.001.85%
2011$1,514.553.59%
2012$1,549.912.33%
2013$1,579.961.94%
2014$1,602.071.40%
2015$1,592.08-0.62%
2016$1,616.791.55%
2017$1,651.972.18%
2018$1,691.532.40%
2019$1,727.002.10%
2020$1,746.971.16%
2021$1,831.534.84%
2022$1,968.007.45%
2023$2,021.262.71%
2024$2,070.502.44%*

* 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 2010 * 2010 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 211.728 in the year 2010 and 299.852 in 2024:

299.852 / 211.728 * $1,462 = $2,070.50

Therefore, according to U.S. Bureau of Labor Statistics, $1,462 in 2010 has the same "purchasing power" as $2,070.50 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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