Minneapolis/St. Paul, Minnesota prices:$7.21 in 1987$19.82 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1987-2025 ($7.21)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 174.92% higher in 2025 versus 1987 (a $12.61 difference in value).

Between 1987 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, $7.21 in Minneapolis/St. Paul in the year 1987 would cost $19.82 in 2025 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 1987-2025 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
New cars · Wireless telephone services · Philadelphia, Pennsylvania · Televisions · More

Buying power of $7.21 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7.21 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$7.212.95%
1988$7.575.02%
1989$7.884.10%
1990$8.204.10%
1991$8.422.68%
1992$8.723.53%
1993$8.993.11%
1994$9.283.16%
1995$9.502.37%
1996$9.813.33%
1997$10.042.30%
1998$10.231.87%
1999$10.553.16%
2000$10.994.16%
2001$11.403.76%
2002$11.601.76%
2003$11.801.73%
2004$12.142.85%
2005$12.482.77%
2006$12.681.61%
2007$13.002.57%
2008$13.503.83%
2009$13.43-0.51%
2010$13.681.85%
2011$14.173.59%
2012$14.502.33%
2013$14.781.94%
2014$14.991.40%
2015$14.90-0.62%
2016$15.131.55%
2017$15.462.18%
2018$15.832.40%
2019$16.162.10%
2020$16.351.16%
2021$17.144.84%
2022$18.417.45%
2023$18.912.71%
2024$19.372.44%
2025$19.822.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1987* 1987 USD value = 2025 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 306.806 in 2025:

306.806 / 111.600* $7.21 = $19.82

Therefore, according to U.S. Bureau of Labor Statistics, $7.21 in 1987 has the same "purchasing power" as $19.82 in 2025 (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.

» Read more about inflation and investment.