Minneapolis/St. Paul, Minnesota prices:$3,700 in 1988$9,466.32 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1988-2026 ($3,700)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 155.85% higher in 2026 versus 1988 (a $5,766.32 difference in value).

Between 1988 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, $3,700 in Minneapolis/St. Paul in the year 1988 would cost $9,466.32 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1988: Pricing changed by 5.02%, which is above the average yearly change in Minneapolis/St. Paul during the 1988-2026 time period. Compared to inflation for all items in 1988 (4.08%), inflation in Minneapolis/St. Paul was higher.

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 $3,700.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,700 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$3,700.005.02%
1989$3,851.544.10%
1990$4,009.394.10%
1991$4,116.722.68%
1992$4,261.953.53%
1993$4,394.543.11%
1994$4,533.453.16%
1995$4,640.782.37%
1996$4,795.483.33%
1997$4,905.972.30%
1998$4,997.531.87%
1999$5,155.383.16%
2000$5,370.054.16%
2001$5,572.103.76%
2002$5,669.971.76%
2003$5,767.831.73%
2004$5,932.002.85%
2005$6,096.162.77%
2006$6,194.031.61%
2007$6,353.362.57%
2008$6,596.803.83%
2009$6,563.05-0.51%
2010$6,684.251.85%
2011$6,924.523.59%
2012$7,086.162.33%
2013$7,223.561.94%
2014$7,324.641.40%
2015$7,278.99-0.62%
2016$7,391.951.55%
2017$7,552.772.18%
2018$7,733.662.40%
2019$7,895.842.10%
2020$7,987.111.16%
2021$8,373.744.84%
2022$8,997.697.45%
2023$9,241.162.71%
2024$9,466.322.44%
2025$9,466.320.00% **
2026$9,466.320.00% **

* 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 1988* 1988 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 117.200 in the year 1988 and 299.852 in 2026:

299.852 / 117.200* $3,700 = $9,466.32

Therefore, according to U.S. Bureau of Labor Statistics, $3,700 in 1988 has the same "purchasing power" as $9,466.32 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.

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