Minneapolis/St. Paul, Minnesota prices: $20.50 in 1990 $48.40 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($20.50)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $27.90 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, $20.50 in Minneapolis/St. Paul in the year 1990 would cost $48.40 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
Fresh fruits · Rent of primary residence · Medical care · Women's apparel · More

Buying power of $20.50 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20.50 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$20.504.10%
1991$21.052.68%
1992$21.793.53%
1993$22.473.11%
1994$23.183.16%
1995$23.732.37%
1996$24.523.33%
1997$25.082.30%
1998$25.551.87%
1999$26.363.16%
2000$27.464.16%
2001$28.493.76%
2002$28.991.76%
2003$29.491.73%
2004$30.332.85%
2005$31.172.77%
2006$31.671.61%
2007$32.482.57%
2008$33.733.83%
2009$33.56-0.51%
2010$34.181.85%
2011$35.413.59%
2012$36.232.33%
2013$36.931.94%
2014$37.451.40%
2015$37.22-0.62%
2016$37.801.55%
2017$38.622.18%
2018$39.542.40%
2019$40.372.10%
2020$40.841.16%
2021$42.814.84%
2022$46.017.45%
2023$47.252.71%
2024$48.402.44%*

* 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 * $20.50 = $48.40

Therefore, according to U.S. Bureau of Labor Statistics, $20.50 in 1990 has the same "purchasing power" as $48.40 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.