Minneapolis/St. Paul, Minnesota prices: $650 in 1990 $1,357.55 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2021 ($650)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 108.85% higher in 2021 versus 1990 (a $707.55 difference in value).

Between 1990 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, $650 in Minneapolis/St. Paul in the year 1990 would cost $1,357.55 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2021 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
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Buying power of $650.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $650 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$650.004.10%
1991$667.402.68%
1992$690.943.53%
1993$712.443.11%
1994$734.963.16%
1995$752.362.37%
1996$777.443.33%
1997$795.352.30%
1998$810.201.87%
1999$835.793.16%
2000$870.594.16%
2001$903.353.76%
2002$919.211.76%
2003$935.081.73%
2004$961.692.85%
2005$988.312.77%
2006$1,004.171.61%
2007$1,030.002.57%
2008$1,069.473.83%
2009$1,064.00-0.51%
2010$1,083.651.85%
2011$1,122.603.59%
2012$1,148.812.33%
2013$1,171.081.94%
2014$1,187.471.40%
2015$1,180.07-0.62%
2016$1,198.381.55%
2017$1,224.452.18%
2018$1,253.782.40%
2019$1,280.072.10%
2020$1,294.871.16%
2021$1,357.554.84%*
* Not final. See inflation summary for latest details.

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 1990 * 1990 USD value = 2021 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 265.244 in 2021:

265.244 / 127.000 * $650 = $1,357.55

Therefore, according to U.S. Bureau of Labor Statistics, $650 in 1990 has the same "purchasing power" as $1,357.55 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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