Minneapolis/St. Paul, Minnesota prices: $3,900 in 1986 $10,788.03 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($3,900)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $6,888.03 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, $3,900 in Minneapolis/St. Paul in the year 1986 would cost $10,788.03 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 $3,900.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,900 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$3,900.001.31%
1987$4,015.132.95%
1988$4,216.615.02%
1989$4,389.304.10%
1990$4,569.194.10%
1991$4,691.512.68%
1992$4,857.013.53%
1993$5,008.123.11%
1994$5,166.423.16%
1995$5,288.752.37%
1996$5,465.043.33%
1997$5,590.962.30%
1998$5,695.301.87%
1999$5,875.183.16%
2000$6,119.834.16%
2001$6,350.093.76%
2002$6,461.621.76%
2003$6,573.151.73%
2004$6,760.242.85%
2005$6,947.322.77%
2006$7,058.861.61%
2007$7,240.442.57%
2008$7,517.863.83%
2009$7,479.40-0.51%
2010$7,617.521.85%
2011$7,891.353.59%
2012$8,075.552.33%
2013$8,232.131.94%
2014$8,347.331.40%
2015$8,295.31-0.62%
2016$8,424.041.55%
2017$8,607.312.18%
2018$8,813.462.40%
2019$8,998.282.10%
2020$9,102.291.16%
2021$9,542.914.84%
2022$10,253.987.45%
2023$10,531.442.71%
2024$10,788.032.44%*

* 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 * $3,900 = $10,788.03

Therefore, according to U.S. Bureau of Labor Statistics, $3,900 in 1986 has the same "purchasing power" as $10,788.03 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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