Minneapolis/St. Paul, Minnesota prices: $100 in 1987 $262.29 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1987-2023 ($100)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 162.29% higher in 2023 versus 1987 (a $162.29 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, $100 in Minneapolis/St. Paul in the year 1987 would cost $262.29 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.

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
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Buying power of $100.00 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $100 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$100.002.95%
1988$105.025.02%
1989$109.324.10%
1990$113.804.10%
1991$116.852.68%
1992$120.973.53%
1993$124.733.11%
1994$128.673.16%
1995$131.722.37%
1996$136.113.33%
1997$139.252.30%
1998$141.851.87%
1999$146.333.16%
2000$152.424.16%
2001$158.153.76%
2002$160.931.76%
2003$163.711.73%
2004$168.372.85%
2005$173.032.77%
2006$175.811.61%
2007$180.332.57%
2008$187.243.83%
2009$186.28-0.51%
2010$189.721.85%
2011$196.543.59%
2012$201.132.33%
2013$205.031.94%
2014$207.901.40%
2015$206.60-0.62%
2016$209.811.55%
2017$214.372.18%
2018$219.512.40%
2019$224.112.10%
2020$226.701.16%
2021$237.674.84%
2022$255.387.45%
2023$262.292.71%*

* 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 2023 / CPI in 1987 * 1987 USD value = 2023 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 292.720 in 2023:

292.720 / 111.600 * $100 = $262.29

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1987 has the same "purchasing power" as $262.29 in 2023 (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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