Minneapolis/St. Paul, Minnesota prices: $3.90 in 1989 $7.48 in 2016

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2016 ($3.90)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota were 91.92% higher in 2016 versus 1989 (a $3.58 difference in value).

Between 1989 and 2016: Minneapolis/St. Paul experienced an average inflation rate of 2.44% per year. This rate of change indicates significant inflation. In other words, $3.90 in Minneapolis/St. Paul in the year 1989 would cost $7.48 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2016 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Minneapolis/St. Paul was lower.

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
Food · Hospital services · Medical care · Financial services · More

Buying power of $3.90 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3.90 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$3.904.10%
1990$4.064.10%
1991$4.172.68%
1992$4.323.53%
1993$4.453.11%
1994$4.593.16%
1995$4.702.37%
1996$4.863.33%
1997$4.972.30%
1998$5.061.87%
1999$5.223.16%
2000$5.444.16%
2001$5.643.76%
2002$5.741.76%
2003$5.841.73%
2004$6.012.85%
2005$6.172.77%
2006$6.271.61%
2007$6.432.57%
2008$6.683.83%
2009$6.65-0.51%
2010$6.771.85%
2011$7.013.59%
2012$7.182.33%
2013$7.311.94%
2014$7.421.40%
2015$7.37-0.62%
2016$7.481.55%
2017$7.652.18%
2018$7.832.40%
2019$8.002.10%
2020$8.091.16%
2021$8.484.84%
2022$9.117.45%
2023$9.362.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2016 / CPI in 1989 * 1989 USD value = 2016 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 234.145 in 2016:

234.145 / 122.000 * $3.90 = $7.48

Therefore, according to U.S. Bureau of Labor Statistics, $3.90 in 1989 has the same "purchasing power" as $7.48 in 2016 (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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