Minneapolis/St. Paul, Minnesota prices:$8,400 in 1989$21,124.35 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2025 ($8,400)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 151.48% higher in 2025 versus 1989 (a $12,724.35 difference in value).

Between 1989 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, $8,400 in Minneapolis/St. Paul in the year 1989 would cost $21,124.35 in 2025 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 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2025 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
Educational books and supplies · New cars · Bananas · Indoor plants and flowers · More

Buying power of $8,400.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,400 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$8,400.004.10%
1990$8,744.264.10%
1991$8,978.362.68%
1992$9,295.083.53%
1993$9,584.263.11%
1994$9,887.213.16%
1995$10,121.312.37%
1996$10,458.693.33%
1997$10,699.672.30%
1998$10,899.341.87%
1999$11,243.613.16%
2000$11,711.804.16%
2001$12,152.463.76%
2002$12,365.901.76%
2003$12,579.341.73%
2004$12,937.382.85%
2005$13,295.412.77%
2006$13,508.851.61%
2007$13,856.352.57%
2008$14,387.273.83%
2009$14,313.67-0.51%
2010$14,577.991.85%
2011$15,102.033.59%
2012$15,454.552.33%
2013$15,754.201.94%
2014$15,974.671.40%
2015$15,875.10-0.62%
2016$16,121.461.55%
2017$16,472.192.18%
2018$16,866.722.40%
2019$17,220.412.10%
2020$17,419.471.16%
2021$18,262.704.84%
2022$19,623.507.45%
2023$20,154.492.71%
2024$20,645.552.44%
2025$21,124.352.32%*

* 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 1989* 1989 USD value = 2025 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 306.806 in 2025:

306.806 / 122.000* $8,400 = $21,124.35

Therefore, according to U.S. Bureau of Labor Statistics, $8,400 in 1989 has the same "purchasing power" as $21,124.35 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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