According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 139.93% higher in 2023 versus 1989 (a $43,802.27 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, $31,302 in Minneapolis/St. Paul in the year 1989 would cost $75,104.27 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.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $31,302 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1989 | $31,302.00 | 4.10% |
1990 | $32,584.87 | 4.10% |
1991 | $33,457.22 | 2.68% |
1992 | $34,637.46 | 3.53% |
1993 | $35,715.07 | 3.11% |
1994 | $36,843.99 | 3.16% |
1995 | $37,716.34 | 2.37% |
1996 | $38,973.56 | 3.33% |
1997 | $39,871.56 | 2.30% |
1998 | $40,615.63 | 1.87% |
1999 | $41,898.50 | 3.16% |
2000 | $43,643.20 | 4.16% |
2001 | $45,285.27 | 3.76% |
2002 | $46,080.65 | 1.76% |
2003 | $46,876.03 | 1.73% |
2004 | $48,210.21 | 2.85% |
2005 | $49,544.40 | 2.77% |
2006 | $50,339.77 | 1.61% |
2007 | $51,634.70 | 2.57% |
2008 | $53,613.14 | 3.83% |
2009 | $53,338.86 | -0.51% |
2010 | $54,323.85 | 1.85% |
2011 | $56,276.63 | 3.59% |
2012 | $57,590.29 | 2.33% |
2013 | $58,706.90 | 1.94% |
2014 | $59,528.45 | 1.40% |
2015 | $59,157.44 | -0.62% |
2016 | $60,075.47 | 1.55% |
2017 | $61,382.45 | 2.18% |
2018 | $62,852.62 | 2.40% |
2019 | $64,170.64 | 2.10% |
2020 | $64,912.39 | 1.16% |
2021 | $68,054.65 | 4.84% |
2022 | $73,125.58 | 7.45% |
2023 | $75,104.27 | 2.71%* |
* 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:
Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 103.100 | 107.000 | 108.400 | 111.600 | 117.200 | 122.000 | 127.000 | 130.400 | 135.000 | 139.200 | 143.600 | 147.000 | 151.900 | 155.400 | 158.300 | 163.300 | 170.100 | 176.500 | 179.600 | 182.700 | 187.900 | 193.100 | 196.200 | 201.247 | 208.958 | 207.889 | 211.728 | 219.339 | 224.459 | 228.811 | 232.013 | 230.567 | 234.145 | 239.239 | 244.969 | 250.106 | 252.997 | 265.244 | 285.008 | 292.720 |