Minneapolis/St. Paul, Minnesota prices:$380 in 1998→$719.80 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1998-2026 ($380)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 89.42% higher in 2026 versus 1998 (a $339.80 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, $380 in Minneapolis/St. Paul in the year 1998 would cost $719.80 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
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Buying power of $380.00 since 1998

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $380 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$380.001.87%
1999$392.003.16%
2000$408.334.16%
2001$423.693.76%
2002$431.131.76%
2003$438.571.73%
2004$451.052.85%
2005$463.542.77%
2006$470.981.61%
2007$483.092.57%
2008$501.603.83%
2009$499.04-0.51%
2010$508.251.85%
2011$526.523.59%
2012$538.822.33%
2013$549.261.94%
2014$556.951.40%
2015$553.48-0.62%
2016$562.071.55%
2017$574.292.18%
2018$588.052.40%
2019$600.382.10%
2020$607.321.16%
2021$636.724.84%
2022$684.167.45%
2023$702.682.71%
2024$719.802.44%
2025$719.800.00% **
2026$719.800.00% **

* 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* $380 = $719.80

Therefore, according to U.S. Bureau of Labor Statistics, $380 in 1998 has the same "purchasing power" as $719.80 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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