Minneapolis/St. Paul, Minnesota prices: $81 in 1987 $217.63 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1987-2024 ($81)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 168.68% higher in 2024 versus 1987 (a $136.63 difference in value).

Between 1987 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $81 in Minneapolis/St. Paul in the year 1987 would cost $217.63 in 2024 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 1987-2024 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 · Milk · Gasoline (all types) · Frankfurters · More

Buying power of $81.00 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $81 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$81.002.95%
1988$85.065.02%
1989$88.554.10%
1990$92.184.10%
1991$94.652.68%
1992$97.983.53%
1993$101.033.11%
1994$104.233.16%
1995$106.692.37%
1996$110.253.33%
1997$112.792.30%
1998$114.901.87%
1999$118.523.16%
2000$123.464.16%
2001$128.103.76%
2002$130.351.76%
2003$132.601.73%
2004$136.382.85%
2005$140.152.77%
2006$142.401.61%
2007$146.072.57%
2008$151.663.83%
2009$150.89-0.51%
2010$153.671.85%
2011$159.203.59%
2012$162.912.33%
2013$166.071.94%
2014$168.401.40%
2015$167.35-0.62%
2016$169.941.55%
2017$173.642.18%
2018$177.802.40%
2019$181.532.10%
2020$183.631.16%
2021$192.524.84%
2022$206.867.45%
2023$212.462.71%
2024$217.632.44%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1987 * 1987 USD value = 2024 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 2024:

299.852 / 111.600 * $81 = $217.63

Therefore, according to U.S. Bureau of Labor Statistics, $81 in 1987 has the same "purchasing power" as $217.63 in 2024 (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.