Minneapolis/St. Paul, Minnesota prices: $9 in 1986 $24.90 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1986-2024 ($9)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $15.90 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, $9 in Minneapolis/St. Paul in the year 1986 would cost $24.90 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
Bread · Seattle, Washington · Women's apparel · Houston, Texas · More

Buying power of $9.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$9.001.31%
1987$9.272.95%
1988$9.735.02%
1989$10.134.10%
1990$10.544.10%
1991$10.832.68%
1992$11.213.53%
1993$11.563.11%
1994$11.923.16%
1995$12.202.37%
1996$12.613.33%
1997$12.902.30%
1998$13.141.87%
1999$13.563.16%
2000$14.124.16%
2001$14.653.76%
2002$14.911.76%
2003$15.171.73%
2004$15.602.85%
2005$16.032.77%
2006$16.291.61%
2007$16.712.57%
2008$17.353.83%
2009$17.26-0.51%
2010$17.581.85%
2011$18.213.59%
2012$18.642.33%
2013$19.001.94%
2014$19.261.40%
2015$19.14-0.62%
2016$19.441.55%
2017$19.862.18%
2018$20.342.40%
2019$20.772.10%
2020$21.011.16%
2021$22.024.84%
2022$23.667.45%
2023$24.302.71%
2024$24.902.44%*

* 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 * $9 = $24.90

Therefore, according to U.S. Bureau of Labor Statistics, $9 in 1986 has the same "purchasing power" as $24.90 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.