Minneapolis/St. Paul, Minnesota prices: $17,416 in 1987 $46,794.11 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1987-2026 ($17,416)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 168.68% higher in 2026 versus 1987 (a $29,378.11 difference in value).

Between 1987 and 2026: Minneapolis/St. Paul experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, $17,416 in Minneapolis/St. Paul in the year 1987 would cost $46,794.11 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.72% 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 1987-2026 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 $17,416.00 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $17,416 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$17,416.002.95%
1988$18,289.925.02%
1989$19,039.004.10%
1990$19,819.284.10%
1991$20,349.882.68%
1992$21,067.743.53%
1993$21,723.183.11%
1994$22,409.843.16%
1995$22,940.432.37%
1996$23,705.113.33%
1997$24,251.312.30%
1998$24,703.881.87%
1999$25,484.163.16%
2000$26,545.354.16%
2001$27,544.123.76%
2002$28,027.901.76%
2003$28,511.681.73%
2004$29,323.182.85%
2005$30,134.672.77%
2006$30,618.451.61%
2007$31,406.072.57%
2008$32,609.433.83%
2009$32,442.61-0.51%
2010$33,041.711.85%
2011$34,229.463.59%
2012$35,028.482.33%
2013$35,707.641.94%
2014$36,207.331.40%
2015$35,981.67-0.62%
2016$36,540.051.55%
2017$37,335.002.18%
2018$38,229.212.40%
2019$39,030.882.10%
2020$39,482.041.16%
2021$41,393.284.84%
2022$44,477.597.45%
2023$45,681.112.71%
2024$46,794.112.44%
2025$46,794.110.00% **
2026$46,794.110.00% **

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852299.852299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1987 * 1987 USD value = 2026 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 299.852 in 2026:

299.852 / 111.600 * $17,416 = $46,794.11

Therefore, according to U.S. Bureau of Labor Statistics, $17,416 in 1987 has the same "purchasing power" as $46,794.11 in 2026 (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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