Minneapolis/St. Paul, Minnesota prices: $2,300 in 2010 → $3,257.29 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 2010-2024 ($2,300)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 41.62% higher in 2024 versus 2010 (a $957.29 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, $2,300 in Minneapolis/St. Paul in the year 2010 would cost $3,257.29 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
Milk · Minneapolis-St Paul, Minnesota · Fresh fruits · Frankfurters · More

Buying power of $2,300.00 since 2010

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,300 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2010$2,300.001.85%
2011$2,382.683.59%
2012$2,438.302.33%
2013$2,485.571.94%
2014$2,520.361.40%
2015$2,504.65-0.62%
2016$2,543.521.55%
2017$2,598.852.18%
2018$2,661.102.40%
2019$2,716.902.10%
2020$2,748.301.16%
2021$2,881.344.84%
2022$3,096.047.45%
2023$3,179.822.71%
2024$3,257.292.44%*

* 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 * $2,300 = $3,257.29

Therefore, according to U.S. Bureau of Labor Statistics, $2,300 in 2010 has the same "purchasing power" as $3,257.29 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.

» Read more about inflation and investment.