Minneapolis/St. Paul, Minnesota prices: $22,974.90 in 1985 $64,383.83 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2026 ($22,974.90)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2026 versus 1985 (a $41,408.93 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, $22,974.90 in Minneapolis/St. Paul in the year 1985 would cost $64,383.83 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
Dental services · Seattle, Washington · Rent of primary residence · Gasoline (all types) · More

Buying power of $22,974.90 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $22,974.90 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$22,974.903.78%
1986$23,275.511.31%
1987$23,962.612.95%
1988$25,165.035.02%
1989$26,195.684.10%
1990$27,269.274.10%
1991$27,999.322.68%
1992$28,987.023.53%
1993$29,888.843.11%
1994$30,833.603.16%
1995$31,563.652.37%
1996$32,615.773.33%
1997$33,367.282.30%
1998$33,989.971.87%
1999$35,063.563.16%
2000$36,523.654.16%
2001$37,897.853.76%
2002$38,563.481.76%
2003$39,229.101.73%
2004$40,345.642.85%
2005$41,462.182.77%
2006$42,127.811.61%
2007$43,211.492.57%
2008$44,867.193.83%
2009$44,637.65-0.51%
2010$45,461.961.85%
2011$47,096.183.59%
2012$48,195.542.33%
2013$49,130.001.94%
2014$49,817.531.40%
2015$49,507.04-0.62%
2016$50,275.311.55%
2017$51,369.092.18%
2018$52,599.422.40%
2019$53,702.432.10%
2020$54,323.181.16%
2021$56,952.844.84%
2022$61,196.547.45%
2023$62,852.462.71%
2024$64,383.832.44%
2025$64,383.830.00% **
2026$64,383.830.00% **

* 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 * $22,974.90 = $64,383.83

Therefore, according to U.S. Bureau of Labor Statistics, $22,974.90 in 1985 has the same "purchasing power" as $64,383.83 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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