According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 139.93% higher in 2023 versus 1989 (a $29,386.23 difference in value).
Between 1989 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.61% per year. This rate of change indicates significant inflation. In other words, $21,000 in Minneapolis/St. Paul in the year 1989 would cost $50,386.23 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.68% 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 1989-2023 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Minneapolis/St. Paul was lower.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $21,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1989 | $21,000.00 | 4.10% |
1990 | $21,860.66 | 4.10% |
1991 | $22,445.90 | 2.68% |
1992 | $23,237.70 | 3.53% |
1993 | $23,960.66 | 3.11% |
1994 | $24,718.03 | 3.16% |
1995 | $25,303.28 | 2.37% |
1996 | $26,146.72 | 3.33% |
1997 | $26,749.18 | 2.30% |
1998 | $27,248.36 | 1.87% |
1999 | $28,109.02 | 3.16% |
2000 | $29,279.51 | 4.16% |
2001 | $30,381.15 | 3.76% |
2002 | $30,914.75 | 1.76% |
2003 | $31,448.36 | 1.73% |
2004 | $32,343.44 | 2.85% |
2005 | $33,238.52 | 2.77% |
2006 | $33,772.13 | 1.61% |
2007 | $34,640.88 | 2.57% |
2008 | $35,968.18 | 3.83% |
2009 | $35,784.17 | -0.51% |
2010 | $36,444.98 | 1.85% |
2011 | $37,755.07 | 3.59% |
2012 | $38,636.39 | 2.33% |
2013 | $39,385.50 | 1.94% |
2014 | $39,936.66 | 1.40% |
2015 | $39,687.76 | -0.62% |
2016 | $40,303.65 | 1.55% |
2017 | $41,180.48 | 2.18% |
2018 | $42,166.80 | 2.40% |
2019 | $43,051.03 | 2.10% |
2020 | $43,548.66 | 1.16% |
2021 | $45,656.75 | 4.84% |
2022 | $49,058.75 | 7.45% |
2023 | $50,386.23 | 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 |