The inflation rate was 3.2%, as of July 2026. The annual inflation rate measures the difference in prices between one month and the same month a year before. While several government datasets track price changes, the Consumer Price Index (CPI) represents the spending habits of people living in urban areas, or about 90% of the US population. The CPI also provides area-specific inflation rates. The latest CPI data shows that in the Minneapolis, MN area, inflation is lower than the US overall: 3.2% vs. 3.4%.headline inflation rate, all i...
The inflation rate was 3.2%, as of July 2026. The annual inflation rate measures the difference in prices between one month and the same month a year before. While several government datasets track price changes, the Consumer Price Index (CPI) represents the spending habits of people living in urban areas, or about 90% of the US population. The CPI also provides area-specific inflation rates. The latest CPI data shows that in the Minneapolis, MN area, inflation is lower than the US overall: 3.2% vs. 3.4%.
headline inflation rate, all items (July 2025 to July 2026)
annual inflation rate, all items in all urban areas in the US (July 2025 to July 2026)
Source: Bureau of Labor Statistics
The CPI-based inflation rates for metro areas are based on the same basket of goods and services used to track the national rate, with proportions adjusted to reflect local supply and demand. Each area assigns different levels of importance to over 200 categories—ranging from electricity to used cars—based on local spending patterns.
CPI reports include two inflation rates: headline and core. Headline inflation includes all consumer spending categories, such as food, housing, and transportation, offering a broad view of the overall cost of living. But because food and energy prices can be highly volatile due to factors like weather or supply chain disruptions, core inflation excludes these categories.
In July 2026, the Minneapolis, MN area had a headline inflation rate of 3.2% and core inflation of 3.0%. Core inflation was lower than headline. That means food and energy had higher price increases over the previous year compared to other goods and services.
Year-over-year percent change of CPI-U, Minneapolis, MN area, not seasonally adjusted
Headline inflation was higher than core inflation in July 2026.| monthyear | Headline inflation (includes food and energy) | Core inflation (excludes food and energy) |
|---|
| Nov 2018 | 1.3 | 1.8 |
| Jan 2019 | 1.4 | 2.2 |
| Mar 2019 | 2.3 | 2.7 |
| May 2019 | 2.3 | 2.7 |
| Jul 2019 | 2.2 | 3.1 |
| Sep 2019 | 1.7 | 2.8 |
| Nov 2019 | 2.8 | 2.9 |
| Jan 2020 | 3.0 | 3.0 |
| Mar 2020 | 1.2 | 2.0 |
| May 2020 | 0.0 | 1.2 |
| Jul 2020 | -0.3 | 0.0 |
| Sep 2020 | 1.9 | 2.4 |
| Nov 2020 | 1.7 | 2.4 |
| Jan 2021 | 1.6 | 1.6 |
| Mar 2021 | 3.0 | 2.0 |
| May 2021 | 4.6 | 3.6 |
| Jul 2021 | 6.5 | 5.6 |
| Sep 2021 | 5.4 | 3.7 |
| Nov 2021 | 6.9 | 5.0 |
| Jan 2022 | 7.2 | 5.7 |
| Mar 2022 | 8.2 | 6.6 |
| May 2022 | 8.7 | 5.8 |
| Jul 2022 | 8.2 | 5.0 |
| Sep 2022 | 7.4 | 5.3 |
| Nov 2022 | 5.3 | 3.7 |
| Jan 2023 | 5.1 | 3.8 |
| Mar 2023 | 3.4 | 3.0 |
| May 2023 | 1.8 | 2.4 |
| Jul 2023 | 1.0 | 2.4 |
| Sep 2023 | 2.2 | 3.2 |
| Nov 2023 | 2.8 | 3.7 |
| Jan 2024 | 2.6 | 3.5 |
| Mar 2024 | 2.7 | 3.2 |
| May 2024 | 2.6 | 3.0 |
| Jul 2024 | 3.5 | 3.8 |
| Sep 2024 | 1.9 | 2.4 |
| Nov 2024 | 1.7 | 1.9 |
| Jan 2025 | 3.0 | 2.9 |
| Mar 2025 | 2.2 | 2.2 |
| May 2025 | 2.4 | 2.5 |
| Jul 2025 | 1.8 | 2.0 |
| Sep 2025 | 2.6 | 2.8 |
| Nov 2025 | 2.5 | 2.5 |
| Jan 2026 | 1.8 | 2.2 |
| Mar 2026 | 2.8 | 3.1 |
| May 2026 | 4.7 | 4.4 |
| Jul 2026 | 3.2 | 3.0 |
Headline inflation in the Minneapolis, MN area was lower than the national average for all urban areas. Minneapolis, MN area price increases were lower in four CPI categories: apparel, food and beverages, medical care, and other goods and services. Of those, other goods and services inflation differed most between the area and the rest of the country. The annual inflation rate for other goods and services was -1.4% in the area, compared with 4.3% across the US.
Year-over-year percent change of CPI-U (July 2025 to July 2026), not seasonally adjusted
In the Minneapolis, MN area during July 2026, the inflation rate for transportation was 7.7%| Inflation rate | DIM__item_code | Location |
|---|
| 7.7 | Transportation | Minneapolis, MN area |
| 4.3 | Recreation | Minneapolis, MN area |
| 3.7 | Education and communication | Minneapolis, MN area |
| 3.7 | Housing | Minneapolis, MN area |
| 3.3 | Apparel | Minneapolis, MN area |
| 3.2 | All items | Minneapolis, MN area |
| 1.5 | Food and beverages | Minneapolis, MN area |
| -1.4 | Other goods and services | Minneapolis, MN area |
| -3.1 | Medical care | Minneapolis, MN area |
| 6.2 | Transportation | United States |
| 4.2 | Other goods and services | United States |
| 3.6 | Apparel | United States |
| 3.4 | All items | United States |
| 3.1 | Housing | United States |
| 2.7 | Recreation | United States |
| 2.6 | Food and beverages | United States |
| 2.1 | Education and communication | United States |
| 1.6 | Medical care | United States |
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.