Minneapolis/St. Paul, Minnesota prices:$980,000 in 1986$2,710,839.11 in 2026

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1986-2026 ($980,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2026 versus 1986 (a $1,730,839.11 difference in value).

Between 1986 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, $980,000 in Minneapolis/St. Paul in the year 1986 would cost $2,710,839.11 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.75% 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 1986-2026 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
Legal services · Dental services · Electricity · Fish and seafood · More

Buying power of $980,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $980,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$980,000.001.31%
1987$1,008,929.892.95%
1988$1,059,557.205.02%
1989$1,102,952.034.10%
1990$1,148,154.984.10%
1991$1,178,892.992.68%
1992$1,220,479.703.53%
1993$1,258,450.183.11%
1994$1,298,228.783.16%
1995$1,328,966.792.37%
1996$1,373,265.683.33%
1997$1,404,907.752.30%
1998$1,431,125.461.87%
1999$1,476,328.413.16%
2000$1,537,804.434.16%
2001$1,595,664.213.76%
2002$1,623,690.041.76%
2003$1,651,715.871.73%
2004$1,698,726.942.85%
2005$1,745,738.012.77%
2006$1,773,763.841.61%
2007$1,819,391.702.57%
2008$1,889,103.693.83%
2009$1,879,439.30-0.51%
2010$1,914,146.131.85%
2011$1,982,954.063.59%
2012$2,029,241.882.33%
2013$2,068,586.531.94%
2014$2,097,534.501.40%
2015$2,084,461.81-0.62%
2016$2,116,809.041.55%
2017$2,162,861.812.18%
2018$2,214,664.392.40%
2019$2,261,105.902.10%
2020$2,287,242.251.16%
2021$2,397,962.364.84%
2022$2,576,640.597.45%
2023$2,646,361.622.71%
2024$2,710,839.112.44%
2025$2,710,839.110.00% **
2026$2,710,839.110.00% **

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852299.852299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1986* 1986 USD value = 2026 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 2026:

299.852 / 108.400* $980,000 = $2,710,839.11

Therefore, according to U.S. Bureau of Labor Statistics, $980,000 in 1986 has the same "purchasing power" as $2,710,839.11 in 2026 (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.