Minneapolis/St. Paul, Minnesota prices: $1,100 in 1986 $3,042.78 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($1,100)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $1,942.78 difference in value).

Between 1986 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $1,100 in Minneapolis/St. Paul in the year 1986 would cost $3,042.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% 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 1986-2024 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 $1,100.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,100 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$1,100.001.31%
1987$1,132.472.95%
1988$1,189.305.02%
1989$1,238.014.10%
1990$1,288.754.10%
1991$1,323.252.68%
1992$1,369.933.53%
1993$1,412.553.11%
1994$1,457.203.16%
1995$1,491.702.37%
1996$1,541.423.33%
1997$1,576.942.30%
1998$1,606.371.87%
1999$1,657.103.16%
2000$1,726.114.16%
2001$1,791.053.76%
2002$1,822.511.76%
2003$1,853.971.73%
2004$1,906.732.85%
2005$1,959.502.77%
2006$1,990.961.61%
2007$2,042.172.57%
2008$2,120.423.83%
2009$2,109.57-0.51%
2010$2,148.531.85%
2011$2,225.763.59%
2012$2,277.722.33%
2013$2,321.881.94%
2014$2,354.381.40%
2015$2,339.70-0.62%
2016$2,376.011.55%
2017$2,427.702.18%
2018$2,485.852.40%
2019$2,537.982.10%
2020$2,567.311.16%
2021$2,691.594.84%
2022$2,892.157.45%
2023$2,970.412.71%
2024$3,042.782.44%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1986 * 1986 USD value = 2024 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 299.852 in 2024:

299.852 / 108.400 * $1,100 = $3,042.78

Therefore, according to U.S. Bureau of Labor Statistics, $1,100 in 1986 has the same "purchasing power" as $3,042.78 in 2024 (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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