Minneapolis/St. Paul, Minnesota prices: $100 in 1988 $249.76 in 2023

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1988-2023 ($100)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 149.76% higher in 2023 versus 1988 (a $149.76 difference in value).

Between 1988 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, $100 in Minneapolis/St. Paul in the year 1988 would cost $249.76 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.74% 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 1988-2023 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
Alcoholic beverages · Wireless telephone services · Frankfurters · Educational books and supplies · More

Buying power of $100.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $100 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$100.005.02%
1989$104.104.10%
1990$108.364.10%
1991$111.262.68%
1992$115.193.53%
1993$118.773.11%
1994$122.533.16%
1995$125.432.37%
1996$129.613.33%
1997$132.592.30%
1998$135.071.87%
1999$139.333.16%
2000$145.144.16%
2001$150.603.76%
2002$153.241.76%
2003$155.891.73%
2004$160.322.85%
2005$164.762.77%
2006$167.411.61%
2007$171.712.57%
2008$178.293.83%
2009$177.38-0.51%
2010$180.661.85%
2011$187.153.59%
2012$191.522.33%
2013$195.231.94%
2014$197.961.40%
2015$196.73-0.62%
2016$199.781.55%
2017$204.132.18%
2018$209.022.40%
2019$213.402.10%
2020$215.871.16%
2021$226.324.84%
2022$243.187.45%
2023$249.762.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1988 * 1988 USD value = 2023 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 292.720 in 2023:

292.720 / 117.200 * $100 = $249.76

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1988 has the same "purchasing power" as $249.76 in 2023 (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.