Minneapolis/St. Paul, Minnesota prices: $100 in 1997 $170.68 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1997-2021 ($100)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 70.68% higher in 2021 versus 1997 (a $70.68 difference in value).

Between 1997 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.25% per year. This rate of change indicates significant inflation. In other words, $100 in Minneapolis/St. Paul in the year 1997 would cost $170.68 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.21% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1997: Pricing changed by 2.30%, which is above the average yearly change in Minneapolis/St. Paul during the 1997-2021 time period. Compared to inflation for all items in 1997 (2.33%), 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
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Buying power of $100.00 since 1997

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $100 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$100.002.30%
1998$101.871.87%
1999$105.083.16%
2000$109.464.16%
2001$113.583.76%
2002$115.571.76%
2003$117.571.73%
2004$120.912.85%
2005$124.262.77%
2006$126.251.61%
2007$129.502.57%
2008$134.463.83%
2009$133.78-0.51%
2010$136.251.85%
2011$141.143.59%
2012$144.442.33%
2013$147.241.94%
2014$149.301.40%
2015$148.37-0.62%
2016$150.671.55%
2017$153.952.18%
2018$157.642.40%
2019$160.942.10%
2020$162.801.16%
2021$170.684.84%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 155.400 in the year 1997 and 265.244 in 2021:

265.244 / 155.400 * $100 = $170.68

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1997 has the same "purchasing power" as $170.68 in 2021 (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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