Minneapolis/St. Paul, Minnesota prices:$7,700 in 1997$14,857.53 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1997-2026 ($7,700)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 92.95% higher in 2026 versus 1997 (a $7,157.53 difference in value).

Between 1997 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.29% per year. This rate of change indicates significant inflation. In other words, $7,700 in Minneapolis/St. Paul in the year 1997 would cost $14,857.53 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1997: Pricing changed by 2.30%, which is above the average yearly change in Minneapolis/St. Paul during the 1997-2026 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%).

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Buying power of $7,700.00 since 1997

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7,700 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$7,700.002.30%
1998$7,843.691.87%
1999$8,091.443.16%
2000$8,428.384.16%
2001$8,745.503.76%
2002$8,899.101.76%
2003$9,052.701.73%
2004$9,310.362.85%
2005$9,568.022.77%
2006$9,721.621.61%
2007$9,971.702.57%
2008$10,353.773.83%
2009$10,300.81-0.51%
2010$10,491.031.85%
2011$10,868.153.59%
2012$11,121.842.33%
2013$11,337.481.94%
2014$11,496.141.40%
2015$11,424.49-0.62%
2016$11,601.781.55%
2017$11,854.182.18%
2018$12,138.102.40%
2019$12,392.642.10%
2020$12,535.891.16%
2021$13,142.724.84%
2022$14,122.027.45%
2023$14,504.142.71%
2024$14,857.532.44%
2025$14,857.530.00% **
2026$14,857.530.00% **

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852299.852299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1997* 1997 USD value = 2026 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 299.852 in 2026:

299.852 / 155.400* $7,700 = $14,857.53

Therefore, according to U.S. Bureau of Labor Statistics, $7,700 in 1997 has the same "purchasing power" as $14,857.53 in 2026 (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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