Minneapolis/St. Paul, Minnesota prices:$7,195 in 1988$18,408.15 in 2026

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1988-2026 ($7,195)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 155.85% higher in 2026 versus 1988 (a $11,213.15 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, $7,195 in Minneapolis/St. Paul in the year 1988 would cost $18,408.15 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
Legal services · Admission to sporting events · Bananas · College tuition and fees · More

Buying power of $7,195.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7,195 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$7,195.005.02%
1989$7,489.684.10%
1990$7,796.634.10%
1991$8,005.362.68%
1992$8,287.763.53%
1993$8,545.603.11%
1994$8,815.723.16%
1995$9,024.452.37%
1996$9,325.263.33%
1997$9,540.132.30%
1998$9,718.161.87%
1999$10,025.123.16%
2000$10,442.574.16%
2001$10,835.473.76%
2002$11,025.781.76%
2003$11,216.101.73%
2004$11,535.332.85%
2005$11,854.562.77%
2006$12,044.871.61%
2007$12,354.712.57%
2008$12,828.103.83%
2009$12,762.47-0.51%
2010$12,998.151.85%
2011$13,465.393.59%
2012$13,779.712.33%
2013$14,046.891.94%
2014$14,243.461.40%
2015$14,154.69-0.62%
2016$14,374.351.55%
2017$14,687.072.18%
2018$15,038.842.40%
2019$15,354.202.10%
2020$15,531.681.16%
2021$16,283.544.84%
2022$17,496.867.45%
2023$17,970.312.71%
2024$18,408.152.44%
2025$18,408.150.00% **
2026$18,408.150.00% **

* 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* $7,195 = $18,408.15

Therefore, according to U.S. Bureau of Labor Statistics, $7,195 in 1988 has the same "purchasing power" as $18,408.15 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.