According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 162.29% higher in 2023 versus 1987 (a $405,734.77 difference in value).
Between 1987 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $250,000 in Minneapolis/St. Paul in the year 1987 would cost $655,734.77 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Minneapolis/St. Paul was lower.
In the year 1987: Pricing changed by 2.95%, which is above the average yearly change in Minneapolis/St. Paul during the 1987-2023 time period. Compared to inflation for all items in 1987 (3.66%), inflation in Minneapolis/St. Paul was lower.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $250,000 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1987 | $250,000.00 | 2.95% |
1988 | $262,544.80 | 5.02% |
1989 | $273,297.49 | 4.10% |
1990 | $284,498.21 | 4.10% |
1991 | $292,114.70 | 2.68% |
1992 | $302,419.35 | 3.53% |
1993 | $311,827.96 | 3.11% |
1994 | $321,684.59 | 3.16% |
1995 | $329,301.08 | 2.37% |
1996 | $340,277.78 | 3.33% |
1997 | $348,118.28 | 2.30% |
1998 | $354,614.70 | 1.87% |
1999 | $365,815.41 | 3.16% |
2000 | $381,048.39 | 4.16% |
2001 | $395,385.30 | 3.76% |
2002 | $402,329.75 | 1.76% |
2003 | $409,274.19 | 1.73% |
2004 | $420,922.94 | 2.85% |
2005 | $432,571.68 | 2.77% |
2006 | $439,516.13 | 1.61% |
2007 | $450,822.13 | 2.57% |
2008 | $468,095.88 | 3.83% |
2009 | $465,701.16 | -0.51% |
2010 | $474,301.08 | 1.85% |
2011 | $491,350.81 | 3.59% |
2012 | $502,820.34 | 2.33% |
2013 | $512,569.44 | 1.94% |
2014 | $519,742.38 | 1.40% |
2015 | $516,503.14 | -0.62% |
2016 | $524,518.37 | 1.55% |
2017 | $535,929.66 | 2.18% |
2018 | $548,765.68 | 2.40% |
2019 | $560,273.30 | 2.10% |
2020 | $566,749.55 | 1.16% |
2021 | $594,184.59 | 4.84% |
2022 | $638,458.78 | 7.45% |
2023 | $655,734.77 | 2.71%* |
* 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:
Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 103.100 | 107.000 | 108.400 | 111.600 | 117.200 | 122.000 | 127.000 | 130.400 | 135.000 | 139.200 | 143.600 | 147.000 | 151.900 | 155.400 | 158.300 | 163.300 | 170.100 | 176.500 | 179.600 | 182.700 | 187.900 | 193.100 | 196.200 | 201.247 | 208.958 | 207.889 | 211.728 | 219.339 | 224.459 | 228.811 | 232.013 | 230.567 | 234.145 | 239.239 | 244.969 | 250.106 | 252.997 | 265.244 | 285.008 | 292.720 |