Minneapolis/St. Paul, Minnesota prices: $20 in 1984 $51.45 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1984-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 157.27% higher in 2021 versus 1984 (a $31.45 difference in value).

Between 1984 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, $20 in Minneapolis/St. Paul in the year 1984 would cost $51.45 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, 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
Years with the largest changes in pricing: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
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Buying power of $20.00 since 1984

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1984$20.00-
1985$20.763.78%
1986$21.031.31%
1987$21.652.95%
1988$22.745.02%
1989$23.674.10%
1990$24.644.10%
1991$25.302.68%
1992$26.193.53%
1993$27.003.11%
1994$27.863.16%
1995$28.522.37%
1996$29.473.33%
1997$30.152.30%
1998$30.711.87%
1999$31.683.16%
2000$33.004.16%
2001$34.243.76%
2002$34.841.76%
2003$35.441.73%
2004$36.452.85%
2005$37.462.77%
2006$38.061.61%
2007$39.042.57%
2008$40.543.83%
2009$40.33-0.51%
2010$41.071.85%
2011$42.553.59%
2012$43.542.33%
2013$44.391.94%
2014$45.011.40%
2015$44.73-0.62%
2016$45.421.55%
2017$46.412.18%
2018$47.522.40%
2019$48.522.10%
2020$49.081.16%
2021$51.454.84%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1984 * 1984 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 103.100 in the year 1984 and 265.244 in 2021:

265.244 / 103.100 * $20 = $51.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1984 has the same "purchasing power" as $51.45 in 2021 (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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