Minneapolis/St. Paul, Minnesota prices: $3,975 in 2000 $7,007.12 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2024 ($3,975)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 76.28% higher in 2024 versus 2000 (a $3,032.12 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, $3,975 in Minneapolis/St. Paul in the year 2000 would cost $7,007.12 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
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 · Women's apparel · Film and photographic supplies · Dental services · More

Buying power of $3,975.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,975 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$3,975.004.16%
2001$4,124.563.76%
2002$4,197.001.76%
2003$4,269.441.73%
2004$4,390.962.85%
2005$4,512.482.77%
2006$4,584.921.61%
2007$4,702.862.57%
2008$4,883.063.83%
2009$4,858.08-0.51%
2010$4,947.791.85%
2011$5,125.653.59%
2012$5,245.292.33%
2013$5,346.991.94%
2014$5,421.821.40%
2015$5,388.03-0.62%
2016$5,471.641.55%
2017$5,590.682.18%
2018$5,724.582.40%
2019$5,844.632.10%
2020$5,912.191.16%
2021$6,198.384.84%
2022$6,660.247.45%
2023$6,840.462.71%
2024$7,007.122.44%*

* 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 * $3,975 = $7,007.12

Therefore, according to U.S. Bureau of Labor Statistics, $3,975 in 2000 has the same "purchasing power" as $7,007.12 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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