Minneapolis/St. Paul, Minnesota prices: $100 in 1998 $167.56 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1998-2021 ($100)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 67.56% higher in 2021 versus 1998 (a $67.56 difference in value).

Between 1998 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.27% per year. This rate of change indicates significant inflation. In other words, $100 in Minneapolis/St. Paul in the year 1998 would cost $167.56 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1998: Pricing changed by 1.87%, which is below the average yearly change in Minneapolis/St. Paul during the 1998-2021 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

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Buying power of $100.00 since 1998

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $100 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$100.001.87%
1999$103.163.16%
2000$107.454.16%
2001$111.503.76%
2002$113.461.76%
2003$115.411.73%
2004$118.702.85%
2005$121.982.77%
2006$123.941.61%
2007$127.132.57%
2008$132.003.83%
2009$131.33-0.51%
2010$133.751.85%
2011$138.563.59%
2012$141.792.33%
2013$144.541.94%
2014$146.571.40%
2015$145.65-0.62%
2016$147.911.55%
2017$151.132.18%
2018$154.752.40%
2019$157.992.10%
2020$159.821.16%
2021$167.564.84%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1998 * 1998 USD value = 2021 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 265.244 in 2021:

265.244 / 158.300 * $100 = $167.56

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1998 has the same "purchasing power" as $167.56 in 2021 (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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