Minneapolis/St. Paul, Minnesota prices: $2,924 in 1985 $8,194.09 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2026 ($2,924)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2026 versus 1985 (a $5,270.09 difference in value).

Between 1985 and 2026: Minneapolis/St. Paul experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, $2,924 in Minneapolis/St. Paul in the year 1985 would cost $8,194.09 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.73% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1985: Pricing changed by 3.78%, which is above the average yearly change in Minneapolis/St. Paul during the 1985-2026 time period. Compared to inflation for all items in 1985 (3.55%), 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
Film and photographic supplies · Educational books and supplies · Minneapolis-St Paul, Minnesota · Wine at home · More

Buying power of $2,924.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,924 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,924.003.78%
1986$2,962.261.31%
1987$3,049.702.95%
1988$3,202.745.02%
1989$3,333.914.10%
1990$3,470.544.10%
1991$3,563.452.68%
1992$3,689.163.53%
1993$3,803.933.11%
1994$3,924.173.16%
1995$4,017.082.37%
1996$4,150.993.33%
1997$4,246.632.30%
1998$4,325.881.87%
1999$4,462.523.16%
2000$4,648.344.16%
2001$4,823.233.76%
2002$4,907.951.76%
2003$4,992.661.73%
2004$5,134.762.85%
2005$5,276.862.77%
2006$5,361.581.61%
2007$5,499.502.57%
2008$5,710.223.83%
2009$5,681.00-0.51%
2010$5,785.911.85%
2011$5,993.903.59%
2012$6,133.812.33%
2013$6,252.741.94%
2014$6,340.241.40%
2015$6,300.73-0.62%
2016$6,398.501.55%
2017$6,537.712.18%
2018$6,694.292.40%
2019$6,834.672.10%
2020$6,913.681.16%
2021$7,248.354.84%
2022$7,788.447.45%
2023$7,999.192.71%
2024$8,194.092.44%
2025$8,194.090.00% **
2026$8,194.090.00% **

* 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 1985 * 1985 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 107.000 in the year 1985 and 299.852 in 2026:

299.852 / 107.000 * $2,924 = $8,194.09

Therefore, according to U.S. Bureau of Labor Statistics, $2,924 in 1985 has the same "purchasing power" as $8,194.09 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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