Minneapolis/St. Paul, Minnesota prices: $1 in 1987 $2.38 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1987-2021 ($1)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 137.67% higher in 2021 versus 1987 (a $1.38 difference in value).

Between 1987 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, $1 in Minneapolis/St. Paul in the year 1987 would cost $2.38 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.59% 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 1987-2021 time period. Compared to inflation for all items in 1987 (3.66%), 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
New trucks · Parking fees and tolls · Electricity · Indoor plants and flowers · More

Buying power of $1.00 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$1.002.95%
1988$1.055.02%
1989$1.094.10%
1990$1.144.10%
1991$1.172.68%
1992$1.213.53%
1993$1.253.11%
1994$1.293.16%
1995$1.322.37%
1996$1.363.33%
1997$1.392.30%
1998$1.421.87%
1999$1.463.16%
2000$1.524.16%
2001$1.583.76%
2002$1.611.76%
2003$1.641.73%
2004$1.682.85%
2005$1.732.77%
2006$1.761.61%
2007$1.802.57%
2008$1.873.83%
2009$1.86-0.51%
2010$1.901.85%
2011$1.973.59%
2012$2.012.33%
2013$2.051.94%
2014$2.081.40%
2015$2.07-0.62%
2016$2.101.55%
2017$2.142.18%
2018$2.202.40%
2019$2.242.10%
2020$2.271.16%
2021$2.384.84%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1987 * 1987 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 111.600 in the year 1987 and 265.244 in 2021:

265.244 / 111.600 * $1 = $2.38

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1987 has the same "purchasing power" as $2.38 in 2021 (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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