Minneapolis/St. Paul, Minnesota prices:$1,550 in 1997$3,060.16 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1997-2025 ($1,550)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 97.43% higher in 2025 versus 1997 (a $1,510.16 difference in value).

Between 1997 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.46% per year. This rate of change indicates significant inflation. In other words, $1,550 in Minneapolis/St. Paul in the year 1997 would cost $3,060.16 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1997: Pricing changed by 2.30%, which is below the average yearly change in Minneapolis/St. Paul during the 1997-2025 time period. Compared to inflation for all items in 1997 (2.34%), 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 $1,550.00 since 1997

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,550 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$1,550.002.30%
1998$1,578.931.87%
1999$1,628.803.16%
2000$1,696.624.16%
2001$1,760.463.76%
2002$1,791.381.76%
2003$1,822.301.73%
2004$1,874.162.85%
2005$1,926.032.77%
2006$1,956.951.61%
2007$2,007.292.57%
2008$2,084.203.83%
2009$2,073.54-0.51%
2010$2,111.831.85%
2011$2,187.743.59%
2012$2,238.812.33%
2013$2,282.221.94%
2014$2,314.161.40%
2015$2,299.74-0.62%
2016$2,335.421.55%
2017$2,386.232.18%
2018$2,443.382.40%
2019$2,494.622.10%
2020$2,523.461.16%
2021$2,645.614.84%
2022$2,842.747.45%
2023$2,919.672.71%
2024$2,990.802.44%
2025$3,060.162.32%*

* 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 1997* 1997 USD value = 2025 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 306.806 in 2025:

306.806 / 155.400* $1,550 = $3,060.16

Therefore, according to U.S. Bureau of Labor Statistics, $1,550 in 1997 has the same "purchasing power" as $3,060.16 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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