Minneapolis/St. Paul, Minnesota prices:$1,600 in 1998→$3,030.72 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1998-2026 ($1,600)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 89.42% higher in 2026 versus 1998 (a $1,430.72 difference in value).

Between 1998 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.31% per year. This rate of change indicates significant inflation. In other words, $1,600 in Minneapolis/St. Paul in the year 1998 would cost $3,030.72 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1998: Pricing changed by 1.87%, which is below the average yearly change in Minneapolis/St. Paul during the 1998-2026 time period. Compared to inflation for all items in 1998 (1.55%), inflation in Minneapolis/St. Paul was higher.

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
Rent of primary residence · Boston, Massachusetts · Electricity · Admission to sporting events · More

Buying power of $1,600.00 since 1998

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,600 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$1,600.001.87%
1999$1,650.543.16%
2000$1,719.274.16%
2001$1,783.953.76%
2002$1,815.291.76%
2003$1,846.621.73%
2004$1,899.182.85%
2005$1,951.742.77%
2006$1,983.071.61%
2007$2,034.082.57%
2008$2,112.023.83%
2009$2,101.22-0.51%
2010$2,140.021.85%
2011$2,216.953.59%
2012$2,268.692.33%
2013$2,312.681.94%
2014$2,345.051.40%
2015$2,330.43-0.62%
2016$2,366.601.55%
2017$2,418.082.18%
2018$2,476.002.40%
2019$2,527.922.10%
2020$2,557.141.16%
2021$2,680.924.84%
2022$2,880.697.45%
2023$2,958.642.71%
2024$3,030.722.44%
2025$3,030.720.00% **
2026$3,030.720.00% **

* 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 1998* 1998 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 158.300 in the year 1998 and 299.852 in 2026:

299.852 / 158.300* $1,600 = $3,030.72

Therefore, according to U.S. Bureau of Labor Statistics, $1,600 in 1998 has the same "purchasing power" as $3,030.72 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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