Minneapolis/St. Paul, Minnesota prices: $362 in 1990 $854.70 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($362)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $492.70 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, $362 in Minneapolis/St. Paul in the year 1990 would cost $854.70 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
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Buying power of $362.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $362 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$362.004.10%
1991$371.692.68%
1992$384.803.53%
1993$396.773.11%
1994$409.323.16%
1995$419.012.37%
1996$432.973.33%
1997$442.952.30%
1998$451.221.87%
1999$465.473.16%
2000$484.854.16%
2001$503.093.76%
2002$511.931.76%
2003$520.771.73%
2004$535.592.85%
2005$550.412.77%
2006$559.251.61%
2007$573.632.57%
2008$595.613.83%
2009$592.57-0.51%
2010$603.511.85%
2011$625.203.59%
2012$639.802.33%
2013$652.201.94%
2014$661.331.40%
2015$657.21-0.62%
2016$667.411.55%
2017$681.932.18%
2018$698.262.40%
2019$712.902.10%
2020$721.141.16%
2021$756.054.84%
2022$812.397.45%
2023$834.372.71%
2024$854.702.44%*

* 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 * $362 = $854.70

Therefore, according to U.S. Bureau of Labor Statistics, $362 in 1990 has the same "purchasing power" as $854.70 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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