Minneapolis/St. Paul, Minnesota prices:$370 in 1988$968.59 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1988-2025 ($370)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 161.78% higher in 2025 versus 1988 (a $598.59 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, $370 in Minneapolis/St. Paul in the year 1988 would cost $968.59 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%).

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Buying power of $370.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $370 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$370.005.02%
1989$385.154.10%
1990$400.944.10%
1991$411.672.68%
1992$426.193.53%
1993$439.453.11%
1994$453.343.16%
1995$464.082.37%
1996$479.553.33%
1997$490.602.30%
1998$499.751.87%
1999$515.543.16%
2000$537.014.16%
2001$557.213.76%
2002$567.001.76%
2003$576.781.73%
2004$593.202.85%
2005$609.622.77%
2006$619.401.61%
2007$635.342.57%
2008$659.683.83%
2009$656.30-0.51%
2010$668.421.85%
2011$692.453.59%
2012$708.622.33%
2013$722.361.94%
2014$732.461.40%
2015$727.90-0.62%
2016$739.191.55%
2017$755.282.18%
2018$773.372.40%
2019$789.582.10%
2020$798.711.16%
2021$837.374.84%
2022$899.777.45%
2023$924.122.71%
2024$946.632.44%
2025$968.592.32%*

* 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* $370 = $968.59

Therefore, according to U.S. Bureau of Labor Statistics, $370 in 1988 has the same "purchasing power" as $968.59 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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