Minneapolis/St. Paul, Minnesota prices: $180 in 1989 $431.88 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2023 ($180)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 139.93% higher in 2023 versus 1989 (a $251.88 difference in value).

Between 1989 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.61% per year. This rate of change indicates significant inflation. In other words, $180 in Minneapolis/St. Paul in the year 1989 would cost $431.88 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2023 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Minneapolis/St. Paul was lower.

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 $180.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $180 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$180.004.10%
1990$187.384.10%
1991$192.392.68%
1992$199.183.53%
1993$205.383.11%
1994$211.873.16%
1995$216.892.37%
1996$224.113.33%
1997$229.282.30%
1998$233.561.87%
1999$240.933.16%
2000$250.974.16%
2001$260.413.76%
2002$264.981.76%
2003$269.561.73%
2004$277.232.85%
2005$284.902.77%
2006$289.481.61%
2007$296.922.57%
2008$308.303.83%
2009$306.72-0.51%
2010$312.391.85%
2011$323.613.59%
2012$331.172.33%
2013$337.591.94%
2014$342.311.40%
2015$340.18-0.62%
2016$345.461.55%
2017$352.982.18%
2018$361.432.40%
2019$369.012.10%
2020$373.271.16%
2021$391.344.84%
2022$420.507.45%
2023$431.882.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1989 * 1989 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 292.720 in 2023:

292.720 / 122.000 * $180 = $431.88

Therefore, according to U.S. Bureau of Labor Statistics, $180 in 1989 has the same "purchasing power" as $431.88 in 2023 (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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