Minneapolis/St. Paul, Minnesota prices: $4,700 in 1989 $11,551.68 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2026 ($4,700)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 145.78% higher in 2026 versus 1989 (a $6,851.68 difference in value).

Between 1989 and 2026: Minneapolis/St. Paul experienced an average inflation rate of 2.46% per year. This rate of change indicates significant inflation. In other words, $4,700 in Minneapolis/St. Paul in the year 1989 would cost $11,551.68 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2026 time period. Compared to inflation for all items in 1989 (4.83%), 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
Gasoline (all types) · Bread · Detroit, Michigan · Milk · More

Buying power of $4,700.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $4,700 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$4,700.004.10%
1990$4,892.624.10%
1991$5,023.612.68%
1992$5,200.823.53%
1993$5,362.623.11%
1994$5,532.133.16%
1995$5,663.112.37%
1996$5,851.893.33%
1997$5,986.722.30%
1998$6,098.441.87%
1999$6,291.073.16%
2000$6,553.034.16%
2001$6,799.593.76%
2002$6,919.021.76%
2003$7,038.441.73%
2004$7,238.772.85%
2005$7,439.102.77%
2006$7,558.521.61%
2007$7,752.962.57%
2008$8,050.023.83%
2009$8,008.84-0.51%
2010$8,156.731.85%
2011$8,449.953.59%
2012$8,647.192.33%
2013$8,814.851.94%
2014$8,938.211.40%
2015$8,882.50-0.62%
2016$9,020.341.55%
2017$9,216.582.18%
2018$9,437.332.40%
2019$9,635.232.10%
2020$9,746.611.16%
2021$10,218.424.84%
2022$10,979.827.45%
2023$11,276.922.71%
2024$11,551.682.44%
2025$11,551.680.00% **
2026$11,551.680.00% **

* 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 1989 * 1989 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 299.852 in 2026:

299.852 / 122.000 * $4,700 = $11,551.68

Therefore, according to U.S. Bureau of Labor Statistics, $4,700 in 1989 has the same "purchasing power" as $11,551.68 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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