Minneapolis/St. Paul, Minnesota prices: $940 in 1987 → $2,525.64 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1987-2026 ($940)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 168.68% higher in 2026 versus 1987 (a $1,585.64 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, $940 in Minneapolis/St. Paul in the year 1987 would cost $2,525.64 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 $940.00 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $940 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$940.002.95%
1988$987.175.02%
1989$1,027.604.10%
1990$1,069.714.10%
1991$1,098.352.68%
1992$1,137.103.53%
1993$1,172.473.11%
1994$1,209.533.16%
1995$1,238.172.37%
1996$1,279.443.33%
1997$1,308.922.30%
1998$1,333.351.87%
1999$1,375.473.16%
2000$1,432.744.16%
2001$1,486.653.76%
2002$1,512.761.76%
2003$1,538.871.73%
2004$1,582.672.85%
2005$1,626.472.77%
2006$1,652.581.61%
2007$1,695.092.57%
2008$1,760.043.83%
2009$1,751.04-0.51%
2010$1,783.371.85%
2011$1,847.483.59%
2012$1,890.602.33%
2013$1,927.261.94%
2014$1,954.231.40%
2015$1,942.05-0.62%
2016$1,972.191.55%
2017$2,015.102.18%
2018$2,063.362.40%
2019$2,106.632.10%
2020$2,130.981.16%
2021$2,234.134.84%
2022$2,400.617.45%
2023$2,465.562.71%
2024$2,525.642.44%
2025$2,525.640.00% **
2026$2,525.640.00% **

* 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 * $940 = $2,525.64

Therefore, according to U.S. Bureau of Labor Statistics, $940 in 1987 has the same "purchasing power" as $2,525.64 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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