Minneapolis/St. Paul, Minnesota prices:$29 in 1988$74.20 in 2026

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1988-2026 ($29)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 155.85% higher in 2026 versus 1988 (a $45.20 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, $29 in Minneapolis/St. Paul in the year 1988 would cost $74.20 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
Admission to sporting events · Dental services · College tuition and fees · Wireless telephone services · More

Buying power of $29.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $29 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$29.005.02%
1989$30.194.10%
1990$31.424.10%
1991$32.272.68%
1992$33.403.53%
1993$34.443.11%
1994$35.533.16%
1995$36.372.37%
1996$37.593.33%
1997$38.452.30%
1998$39.171.87%
1999$40.413.16%
2000$42.094.16%
2001$43.673.76%
2002$44.441.76%
2003$45.211.73%
2004$46.492.85%
2005$47.782.77%
2006$48.551.61%
2007$49.802.57%
2008$51.703.83%
2009$51.44-0.51%
2010$52.391.85%
2011$54.273.59%
2012$55.542.33%
2013$56.621.94%
2014$57.411.40%
2015$57.05-0.62%
2016$57.941.55%
2017$59.202.18%
2018$60.622.40%
2019$61.892.10%
2020$62.601.16%
2021$65.634.84%
2022$70.527.45%
2023$72.432.71%
2024$74.202.44%
2025$74.200.00% **
2026$74.200.00% **

* 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* $29 = $74.20

Therefore, according to U.S. Bureau of Labor Statistics, $29 in 1988 has the same "purchasing power" as $74.20 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.

» Read more about inflation and investment.