Minneapolis/St. Paul, Minnesota prices: $8,431 in 1985 $23,626.66 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2026 ($8,431)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2026 versus 1985 (a $15,195.66 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, $8,431 in Minneapolis/St. Paul in the year 1985 would cost $23,626.66 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
Gasoline (all types) · Rent of primary residence · Milk · Admission to sporting events · More

Buying power of $8,431.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,431 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$8,431.003.78%
1986$8,541.311.31%
1987$8,793.452.95%
1988$9,234.705.02%
1989$9,612.924.10%
1990$10,006.894.10%
1991$10,274.792.68%
1992$10,637.243.53%
1993$10,968.183.11%
1994$11,314.873.16%
1995$11,582.782.37%
1996$11,968.873.33%
1997$12,244.652.30%
1998$12,473.151.87%
1999$12,867.123.16%
2000$13,402.934.16%
2001$13,907.213.76%
2002$14,151.471.76%
2003$14,395.741.73%
2004$14,805.472.85%
2005$15,215.202.77%
2006$15,459.461.61%
2007$15,857.142.57%
2008$16,464.723.83%
2009$16,380.49-0.51%
2010$16,682.981.85%
2011$17,282.683.59%
2012$17,686.112.33%
2013$18,029.021.94%
2014$18,281.321.40%
2015$18,167.39-0.62%
2016$18,449.311.55%
2017$18,850.692.18%
2018$19,302.182.40%
2019$19,706.952.10%
2020$19,934.741.16%
2021$20,899.744.84%
2022$22,457.037.45%
2023$23,064.692.71%
2024$23,626.662.44%
2025$23,626.660.00% **
2026$23,626.660.00% **

* 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 * $8,431 = $23,626.66

Therefore, according to U.S. Bureau of Labor Statistics, $8,431 in 1985 has the same "purchasing power" as $23,626.66 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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