According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 139.93% higher in 2023 versus 1989 (a $39,741.38 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, $28,400 in Minneapolis/St. Paul in the year 1989 would cost $68,141.38 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 $28,400 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 | $28,400.00 | 4.10% |
| 1990 | $29,563.93 | 4.10% |
| 1991 | $30,355.41 | 2.68% |
| 1992 | $31,426.23 | 3.53% |
| 1993 | $32,403.93 | 3.11% |
| 1994 | $33,428.20 | 3.16% |
| 1995 | $34,219.67 | 2.37% |
| 1996 | $35,360.33 | 3.33% |
| 1997 | $36,175.08 | 2.30% |
| 1998 | $36,850.16 | 1.87% |
| 1999 | $38,014.10 | 3.16% |
| 2000 | $39,597.05 | 4.16% |
| 2001 | $41,086.89 | 3.76% |
| 2002 | $41,808.52 | 1.76% |
| 2003 | $42,530.16 | 1.73% |
| 2004 | $43,740.66 | 2.85% |
| 2005 | $44,951.15 | 2.77% |
| 2006 | $45,672.79 | 1.61% |
| 2007 | $46,847.66 | 2.57% |
| 2008 | $48,642.68 | 3.83% |
| 2009 | $48,393.83 | -0.51% |
| 2010 | $49,287.50 | 1.85% |
| 2011 | $51,059.24 | 3.59% |
| 2012 | $52,251.11 | 2.33% |
| 2013 | $53,264.20 | 1.94% |
| 2014 | $54,009.58 | 1.40% |
| 2015 | $53,672.97 | -0.62% |
| 2016 | $54,505.89 | 1.55% |
| 2017 | $55,691.70 | 2.18% |
| 2018 | $57,025.57 | 2.40% |
| 2019 | $58,221.40 | 2.10% |
| 2020 | $58,894.38 | 1.16% |
| 2021 | $61,745.32 | 4.84% |
| 2022 | $66,346.12 | 7.45% |
| 2023 | $68,141.38 | 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 |