Twin Cities Inflation Surges: Metro Ranks 6th For Price Hikes

TWIN CITIES, MN — The Minneapolis-St. Paul metro area has one of the fastest-rising inflation rates in the country, ranking sixth for the largest two-month price increase among major U.S. cities, according to a WalletHub study.

The report, which analyzed Consumer Price Index data from 23 metro areas, found inflation in the Twin Cities rose 1.5 percent over the past two months and 3 percent over the past year, placing it 10th overall for inflation impact.

Key Inflation Facts for Minneapolis-St. Paul

• 6th fastest inflation rise: 1.5% increase in the Consumer Price Index over the past two months
• 10th highest overall inflation impact: 3.0% increase over the past year
• Inflation in Minneapolis is rising faster than in these major cities:
  • Seattle: 1.1% (2 months) | 2.5% (1 year)
  • Washington, D.C.: 0.5% (2 months) | 2.7% (1 year)
  • Phoenix: 0.9% (2 months) | 1.8% (1 year)
  • Denver: 0.2% (2 months) | 2.3% (1 year)
• Despite national inflation cooling, Minnesota’s inflation remains stubbornly high, surpassing the Federal Reserve’s 2% target.
• Essential costs—like food, housing, and transportation—continue to climb, affecting families across the metro.

Top 10 U.S. Metros With the Highest Inflation Impact

• San Diego-Carlsbad, CA – +1.6% (2 months), +3.8% (1 year)
• Boston-Cambridge-Newton, MA-NH – +1.5% (2 months), +3.9% (1 year)
• Riverside-San Bernardino-Ontario, CA – +1.8% (2 months), +2.9% (1 year)
• Chicago-Naperville-Elgin, IL-IN-WI – +1.3% (2 months), +3.8% (1 year)
• New York-Newark-Jersey City, NY-NJ-PA – +1.1% (2 months), +4.2% (1 year)
• San Francisco-Oakland-Hayward, CA – +1.8% (2 months), +2.7% (1 year)
• Dallas-Fort Worth-Arlington, TX – +1.7% (2 months), +2.8% (1 year)
• Baltimore-Columbia-Towson, MD – +1.5% (2 months), +3.2% (1 year)
• Urban Honolulu, HI – +1.0% (2 months), +4.1% (1 year)
• Minneapolis-St. Paul-Bloomington, MN-WI – +1.5% (2 months), +3.0% (1 year)

Biggest Consumer Price Index Increases (Last 2 Months)

• Riverside, CA – Tied for highest
• San Francisco, CA – Tied for highest
• Dallas, TX
• San Diego, CA
• Boston, MA – Tied for fifth
• Minneapolis, MN – Tied for fifth

Check out the full study here.