Minneapolis/St. Paul, Minnesota prices: $1,310 in 1990 $3,092.96 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($1,310)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,782.96 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, $1,310 in Minneapolis/St. Paul in the year 1990 would cost $3,092.96 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
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Houston, Texas · Public transportation · Educational books and supplies · Bread · More

Buying power of $1,310.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,310 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,310.004.10%
1991$1,345.072.68%
1992$1,392.523.53%
1993$1,435.843.11%
1994$1,481.233.16%
1995$1,516.302.37%
1996$1,566.843.33%
1997$1,602.942.30%
1998$1,632.861.87%
1999$1,684.433.16%
2000$1,754.574.16%
2001$1,820.593.76%
2002$1,852.571.76%
2003$1,884.541.73%
2004$1,938.182.85%
2005$1,991.822.77%
2006$2,023.801.61%
2007$2,075.852.57%
2008$2,155.393.83%
2009$2,144.37-0.51%
2010$2,183.971.85%
2011$2,262.473.59%
2012$2,315.292.33%
2013$2,360.181.94%
2014$2,393.201.40%
2015$2,378.29-0.62%
2016$2,415.201.55%
2017$2,467.742.18%
2018$2,526.852.40%
2019$2,579.832.10%
2020$2,609.651.16%
2021$2,735.984.84%
2022$2,939.857.45%
2023$3,019.402.71%
2024$3,092.962.44%*

* 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 * $1,310 = $3,092.96

Therefore, according to U.S. Bureau of Labor Statistics, $1,310 in 1990 has the same "purchasing power" as $3,092.96 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.