Minneapolis/St. Paul, Minnesota prices:$8.20 in 1985$22.98 in 2026

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2026 ($8.20)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2026 versus 1985 (a $14.78 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, $8.20 in Minneapolis/St. Paul in the year 1985 would cost $22.98 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
New cars · Denver, Colorado · Admission to sporting events · Airline fares · More

Buying power of $8.20 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8.20 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$8.203.78%
1986$8.311.31%
1987$8.552.95%
1988$8.985.02%
1989$9.354.10%
1990$9.734.10%
1991$9.992.68%
1992$10.353.53%
1993$10.673.11%
1994$11.003.16%
1995$11.272.37%
1996$11.643.33%
1997$11.912.30%
1998$12.131.87%
1999$12.513.16%
2000$13.044.16%
2001$13.533.76%
2002$13.761.76%
2003$14.001.73%
2004$14.402.85%
2005$14.802.77%
2006$15.041.61%
2007$15.422.57%
2008$16.013.83%
2009$15.93-0.51%
2010$16.231.85%
2011$16.813.59%
2012$17.202.33%
2013$17.541.94%
2014$17.781.40%
2015$17.67-0.62%
2016$17.941.55%
2017$18.332.18%
2018$18.772.40%
2019$19.172.10%
2020$19.391.16%
2021$20.334.84%
2022$21.847.45%
2023$22.432.71%
2024$22.982.44%
2025$22.980.00% **
2026$22.980.00% **

* 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* $8.20 = $22.98

Therefore, according to U.S. Bureau of Labor Statistics, $8.20 in 1985 has the same "purchasing power" as $22.98 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.

» Read more about inflation and investment.