Minneapolis/St. Paul, Minnesota prices:$8,400 in 1988$21,989.51 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1988-2025 ($8,400)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 161.78% higher in 2025 versus 1988 (a $13,589.51 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, $8,400 in Minneapolis/St. Paul in the year 1988 would cost $21,989.51 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
Bananas · Wine at home · Electricity · Public transportation · More

Buying power of $8,400.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,400 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$8,400.005.02%
1989$8,744.034.10%
1990$9,102.394.10%
1991$9,346.082.68%
1992$9,675.773.53%
1993$9,976.793.11%
1994$10,292.153.16%
1995$10,535.842.37%
1996$10,887.033.33%
1997$11,137.882.30%
1998$11,345.731.87%
1999$11,704.103.16%
2000$12,191.474.16%
2001$12,650.173.76%
2002$12,872.351.76%
2003$13,094.541.73%
2004$13,467.242.85%
2005$13,839.932.77%
2006$14,062.121.61%
2007$14,423.852.57%
2008$14,976.513.83%
2009$14,899.89-0.51%
2010$15,175.041.85%
2011$15,720.543.59%
2012$16,087.512.33%
2013$16,399.421.94%
2014$16,628.921.40%
2015$16,525.28-0.62%
2016$16,781.721.55%
2017$17,146.822.18%
2018$17,557.512.40%
2019$17,925.692.10%
2020$18,132.891.16%
2021$19,010.664.84%
2022$20,427.197.45%
2023$20,979.932.71%
2024$21,491.102.44%
2025$21,989.512.32%*

* 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* $8,400 = $21,989.51

Therefore, according to U.S. Bureau of Labor Statistics, $8,400 in 1988 has the same "purchasing power" as $21,989.51 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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