Minneapolis/St. Paul, Minnesota prices: $1.50 in 1988 $3.84 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1988-2026 ($1.50)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 155.85% higher in 2026 versus 1988 (a $2.34 difference in value).

Between 1988 and 2026: Minneapolis/St. Paul experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, $1.50 in Minneapolis/St. Paul in the year 1988 would cost $3.84 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1988: Pricing changed by 5.02%, which is above the average yearly change in Minneapolis/St. Paul during the 1988-2026 time period. Compared to inflation for all items in 1988 (4.08%), inflation in Minneapolis/St. Paul was higher.

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
Dental services · Boston, Massachusetts · Women's apparel · Educational books and supplies · More

Buying power of $1.50 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1.50 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$1.505.02%
1989$1.564.10%
1990$1.634.10%
1991$1.672.68%
1992$1.733.53%
1993$1.783.11%
1994$1.843.16%
1995$1.882.37%
1996$1.943.33%
1997$1.992.30%
1998$2.031.87%
1999$2.093.16%
2000$2.184.16%
2001$2.263.76%
2002$2.301.76%
2003$2.341.73%
2004$2.402.85%
2005$2.472.77%
2006$2.511.61%
2007$2.582.57%
2008$2.673.83%
2009$2.66-0.51%
2010$2.711.85%
2011$2.813.59%
2012$2.872.33%
2013$2.931.94%
2014$2.971.40%
2015$2.95-0.62%
2016$3.001.55%
2017$3.062.18%
2018$3.142.40%
2019$3.202.10%
2020$3.241.16%
2021$3.394.84%
2022$3.657.45%
2023$3.752.71%
2024$3.842.44%
2025$3.840.00% **
2026$3.840.00% **

* 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 1988 * 1988 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 117.200 in the year 1988 and 299.852 in 2026:

299.852 / 117.200 * $1.50 = $3.84

Therefore, according to U.S. Bureau of Labor Statistics, $1.50 in 1988 has the same "purchasing power" as $3.84 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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