Minneapolis/St. Paul, Minnesota prices:$38 in 1988$97.22 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1988-2026 ($38)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 155.85% higher in 2026 versus 1988 (a $59.22 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, $38 in Minneapolis/St. Paul in the year 1988 would cost $97.22 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
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Buying power of $38.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $38 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$38.005.02%
1989$39.564.10%
1990$41.184.10%
1991$42.282.68%
1992$43.773.53%
1993$45.133.11%
1994$46.563.16%
1995$47.662.37%
1996$49.253.33%
1997$50.392.30%
1998$51.331.87%
1999$52.953.16%
2000$55.154.16%
2001$57.233.76%
2002$58.231.76%
2003$59.241.73%
2004$60.922.85%
2005$62.612.77%
2006$63.611.61%
2007$65.252.57%
2008$67.753.83%
2009$67.40-0.51%
2010$68.651.85%
2011$71.123.59%
2012$72.782.33%
2013$74.191.94%
2014$75.231.40%
2015$74.76-0.62%
2016$75.921.55%
2017$77.572.18%
2018$79.432.40%
2019$81.092.10%
2020$82.031.16%
2021$86.004.84%
2022$92.417.45%
2023$94.912.71%
2024$97.222.44%
2025$97.220.00% **
2026$97.220.00% **

* 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* $38 = $97.22

Therefore, according to U.S. Bureau of Labor Statistics, $38 in 1988 has the same "purchasing power" as $97.22 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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