Minneapolis/St. Paul, Minnesota prices: $3,800 in 1986 $10,511.42 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1986-2024 ($3,800)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $6,711.42 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, $3,800 in Minneapolis/St. Paul in the year 1986 would cost $10,511.42 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
New trucks · Milk · Bananas · Frankfurters · More

Buying power of $3,800.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,800 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$3,800.001.31%
1987$3,912.182.95%
1988$4,108.495.02%
1989$4,276.754.10%
1990$4,452.034.10%
1991$4,571.222.68%
1992$4,732.473.53%
1993$4,879.703.11%
1994$5,033.953.16%
1995$5,153.142.37%
1996$5,324.913.33%
1997$5,447.602.30%
1998$5,549.261.87%
1999$5,724.543.16%
2000$5,962.924.16%
2001$6,187.273.76%
2002$6,295.941.76%
2003$6,404.611.73%
2004$6,586.902.85%
2005$6,769.192.77%
2006$6,877.861.61%
2007$7,054.782.57%
2008$7,325.103.83%
2009$7,287.62-0.51%
2010$7,422.201.85%
2011$7,689.013.59%
2012$7,868.492.33%
2013$8,021.051.94%
2014$8,133.301.40%
2015$8,082.61-0.62%
2016$8,208.041.55%
2017$8,386.612.18%
2018$8,587.472.40%
2019$8,767.552.10%
2020$8,868.901.16%
2021$9,298.224.84%
2022$9,991.067.45%
2023$10,261.402.71%
2024$10,511.422.44%*

* 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 * $3,800 = $10,511.42

Therefore, according to U.S. Bureau of Labor Statistics, $3,800 in 1986 has the same "purchasing power" as $10,511.42 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.

» Read more about inflation and investment.