Minneapolis/St. Paul, Minnesota prices: $508,963,286,286 in 1986 $1,374,388,682,302.93 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2023 ($508,963,286,286)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 170.04% higher in 2023 versus 1986 (a $865,425,396,016.93 difference in value).

Between 1986 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, $508,963,286,286 in Minneapolis/St. Paul in the year 1986 would cost $1,374,388,682,302.93 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1986: Pricing changed by 1.31%, which is below the average yearly change in Minneapolis/St. Paul during the 1986-2023 time period. Compared to inflation for all items in 1986 (1.90%), inflation in Minneapolis/St. Paul was lower.

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 $508,963,286,286.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $508,963,286,286 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$508,963,286,286.001.31%
1987$523,988,032,744.632.95%
1988$550,281,339,047.235.02%
1989$572,818,458,735.174.10%
1990$596,294,625,076.774.10%
1991$612,258,418,189.062.68%
1992$633,856,491,223.343.53%
1993$653,576,470,950.293.11%
1994$674,235,497,330.903.16%
1995$690,199,290,443.192.37%
1996$713,205,933,457.963.33%
1997$729,639,249,897.092.30%
1998$743,255,426,375.221.87%
1999$766,731,592,716.823.16%
2000$798,659,178,941.414.16%
2001$828,708,671,858.663.76%
2002$843,263,894,990.461.76%
2003$857,819,118,122.251.73%
2004$882,234,331,117.522.85%
2005$906,649,544,112.792.77%
2006$921,204,767,244.591.61%
2007$944,901,609,549.802.57%
2008$981,106,553,281.833.83%
2009$976,087,348,917.99-0.51%
2010$994,112,349,435.081.85%
2011$1,029,847,769,840.273.59%
2012$1,053,887,364,174.072.33%
2013$1,074,321,019,357.801.94%
2014$1,089,355,156,282.971.40%
2015$1,082,565,848,976.98-0.62%
2016$1,099,365,393,611.031.55%
2017$1,123,282,911,879.862.18%
2018$1,150,186,598,507.332.40%
2019$1,174,306,011,806.702.10%
2020$1,187,879,931,185.421.16%
2021$1,245,382,453,022.544.84%
2022$1,338,179,043,337.647.45%
2023$1,374,388,682,302.932.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1986 * 1986 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 108.400 in the year 1986 and 292.720 in 2023:

292.720 / 108.400 * $508,963,286,286 = $1,374,388,682,302.93

Therefore, according to U.S. Bureau of Labor Statistics, $508,963,286,286 in 1986 has the same "purchasing power" as $1,374,388,682,302.93 in 2023 (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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