Minneapolis/St. Paul, Minnesota prices:$920 in 1998$1,783.08 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1998-2025 ($920)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 93.81% higher in 2025 versus 1998 (a $863.08 difference in value).

Between 1998 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, $920 in Minneapolis/St. Paul in the year 1998 would cost $1,783.08 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.56% 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 1998-2025 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 $920.00 since 1998

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $920 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$920.001.87%
1999$949.063.16%
2000$988.584.16%
2001$1,025.773.76%
2002$1,043.791.76%
2003$1,061.811.73%
2004$1,092.032.85%
2005$1,122.252.77%
2006$1,140.271.61%
2007$1,169.602.57%
2008$1,214.413.83%
2009$1,208.20-0.51%
2010$1,230.511.85%
2011$1,274.743.59%
2012$1,304.502.33%
2013$1,329.791.94%
2014$1,348.401.40%
2015$1,340.00-0.62%
2016$1,360.791.55%
2017$1,390.402.18%
2018$1,423.702.40%
2019$1,453.552.10%
2020$1,470.361.16%
2021$1,541.534.84%
2022$1,656.407.45%
2023$1,701.222.71%
2024$1,742.662.44%
2025$1,783.082.32%*

* 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 1998* 1998 USD value = 2025 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 306.806 in 2025:

306.806 / 158.300* $920 = $1,783.08

Therefore, according to U.S. Bureau of Labor Statistics, $920 in 1998 has the same "purchasing power" as $1,783.08 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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