Minneapolis/St. Paul, Minnesota prices: $6,400 in 1986 $17,703.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($6,400)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $11,303.44 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, $6,400 in Minneapolis/St. Paul in the year 1986 would cost $17,703.44 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 $6,400.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,400 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$6,400.001.31%
1987$6,588.932.95%
1988$6,919.565.02%
1989$7,202.954.10%
1990$7,498.154.10%
1991$7,698.892.68%
1992$7,970.483.53%
1993$8,218.453.11%
1994$8,478.233.16%
1995$8,678.972.37%
1996$8,968.273.33%
1997$9,174.912.30%
1998$9,346.131.87%
1999$9,641.333.16%
2000$10,042.804.16%
2001$10,420.663.76%
2002$10,603.691.76%
2003$10,786.721.73%
2004$11,093.732.85%
2005$11,400.742.77%
2006$11,583.761.61%
2007$11,881.742.57%
2008$12,337.003.83%
2009$12,273.89-0.51%
2010$12,500.551.85%
2011$12,949.903.59%
2012$13,252.192.33%
2013$13,509.141.94%
2014$13,698.181.40%
2015$13,612.81-0.62%
2016$13,824.061.55%
2017$14,124.812.18%
2018$14,463.112.40%
2019$14,766.412.10%
2020$14,937.091.16%
2021$15,660.164.84%
2022$16,827.047.45%
2023$17,282.362.71%
2024$17,703.442.44%*

* 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 * $6,400 = $17,703.44

Therefore, according to U.S. Bureau of Labor Statistics, $6,400 in 1986 has the same "purchasing power" as $17,703.44 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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