Minneapolis/St. Paul, Minnesota prices: $37 in 1986 $102.35 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($37)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $65.35 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, $37 in Minneapolis/St. Paul in the year 1986 would cost $102.35 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 $37.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $37 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$37.001.31%
1987$38.092.95%
1988$40.005.02%
1989$41.644.10%
1990$43.354.10%
1991$44.512.68%
1992$46.083.53%
1993$47.513.11%
1994$49.013.16%
1995$50.182.37%
1996$51.853.33%
1997$53.042.30%
1998$54.031.87%
1999$55.743.16%
2000$58.064.16%
2001$60.243.76%
2002$61.301.76%
2003$62.361.73%
2004$64.142.85%
2005$65.912.77%
2006$66.971.61%
2007$68.692.57%
2008$71.323.83%
2009$70.96-0.51%
2010$72.271.85%
2011$74.873.59%
2012$76.612.33%
2013$78.101.94%
2014$79.191.40%
2015$78.70-0.62%
2016$79.921.55%
2017$81.662.18%
2018$83.612.40%
2019$85.372.10%
2020$86.361.16%
2021$90.544.84%
2022$97.287.45%
2023$99.912.71%
2024$102.352.44%*

* 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 * $37 = $102.35

Therefore, according to U.S. Bureau of Labor Statistics, $37 in 1986 has the same "purchasing power" as $102.35 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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