Minneapolis/St. Paul, Minnesota prices: $420 in 1987 $1,128.48 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1987-2026 ($420)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 168.68% higher in 2026 versus 1987 (a $708.48 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, $420 in Minneapolis/St. Paul in the year 1987 would cost $1,128.48 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
Public transportation · Bananas · Frankfurters · Alcoholic beverages · More

Buying power of $420.00 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $420 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$420.002.95%
1988$441.085.02%
1989$459.144.10%
1990$477.964.10%
1991$490.752.68%
1992$508.063.53%
1993$523.873.11%
1994$540.433.16%
1995$553.232.37%
1996$571.673.33%
1997$584.842.30%
1998$595.751.87%
1999$614.573.16%
2000$640.164.16%
2001$664.253.76%
2002$675.911.76%
2003$687.581.73%
2004$707.152.85%
2005$726.722.77%
2006$738.391.61%
2007$757.382.57%
2008$786.403.83%
2009$782.38-0.51%
2010$796.831.85%
2011$825.473.59%
2012$844.742.33%
2013$861.121.94%
2014$873.171.40%
2015$867.73-0.62%
2016$881.191.55%
2017$900.362.18%
2018$921.932.40%
2019$941.262.10%
2020$952.141.16%
2021$998.234.84%
2022$1,072.617.45%
2023$1,101.632.71%
2024$1,128.482.44%
2025$1,128.480.00% **
2026$1,128.480.00% **

* 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 * $420 = $1,128.48

Therefore, according to U.S. Bureau of Labor Statistics, $420 in 1987 has the same "purchasing power" as $1,128.48 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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