Minneapolis/St. Paul, Minnesota prices:$1,864 in 1988$4,879.58 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1988-2025 ($1,864)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 161.78% higher in 2025 versus 1988 (a $3,015.58 difference in value).

Between 1988 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.64% per year. This rate of change indicates significant inflation. In other words, $1,864 in Minneapolis/St. Paul in the year 1988 would cost $4,879.58 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.75% 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 1988-2025 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
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Buying power of $1,864.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,864 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$1,864.005.02%
1989$1,940.344.10%
1990$2,019.864.10%
1991$2,073.942.68%
1992$2,147.103.53%
1993$2,213.903.11%
1994$2,283.883.16%
1995$2,337.952.37%
1996$2,415.883.33%
1997$2,471.552.30%
1998$2,517.671.87%
1999$2,597.193.16%
2000$2,705.344.16%
2001$2,807.133.76%
2002$2,856.441.76%
2003$2,905.741.73%
2004$2,988.442.85%
2005$3,071.152.77%
2006$3,120.451.61%
2007$3,200.722.57%
2008$3,323.363.83%
2009$3,306.36-0.51%
2010$3,367.411.85%
2011$3,488.463.59%
2012$3,569.892.33%
2013$3,639.111.94%
2014$3,690.041.40%
2015$3,667.04-0.62%
2016$3,723.941.55%
2017$3,804.962.18%
2018$3,896.092.40%
2019$3,977.802.10%
2020$4,023.771.16%
2021$4,218.564.84%
2022$4,532.897.45%
2023$4,655.552.71%
2024$4,768.982.44%
2025$4,879.582.32%*

* 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 1988* 1988 USD value = 2025 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 306.806 in 2025:

306.806 / 117.200* $1,864 = $4,879.58

Therefore, according to U.S. Bureau of Labor Statistics, $1,864 in 1988 has the same "purchasing power" as $4,879.58 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.

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