Minneapolis/St. Paul, Minnesota prices: $2,829 in 2000 → $4,986.96 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2024 ($2,829)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 76.28% higher in 2024 versus 2000 (a $2,157.96 difference in value).

Between 2000 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.39% per year. This rate of change indicates significant inflation. In other words, $2,829 in Minneapolis/St. Paul in the year 2000 would cost $4,986.96 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2000: Pricing changed by 4.16%, which is above the average yearly change in Minneapolis/St. Paul during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), inflation in Minneapolis/St. Paul was higher.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
19851990199520002005201020152020-11357
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 $2,829.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,829 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$2,829.004.16%
2001$2,935.443.76%
2002$2,987.001.76%
2003$3,038.561.73%
2004$3,125.042.85%
2005$3,211.522.77%
2006$3,263.081.61%
2007$3,347.022.57%
2008$3,475.263.83%
2009$3,457.48-0.51%
2010$3,521.331.85%
2011$3,647.913.59%
2012$3,733.072.33%
2013$3,805.451.94%
2014$3,858.701.40%
2015$3,834.65-0.62%
2016$3,894.161.55%
2017$3,978.882.18%
2018$4,074.182.40%
2019$4,159.612.10%
2020$4,207.691.16%
2021$4,411.384.84%
2022$4,740.087.45%
2023$4,868.342.71%
2024$4,986.962.44%*

* 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 2000 * 2000 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 170.100 in the year 2000 and 299.852 in 2024:

299.852 / 170.100 * $2,829 = $4,986.96

Therefore, according to U.S. Bureau of Labor Statistics, $2,829 in 2000 has the same "purchasing power" as $4,986.96 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.

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