Minneapolis/St. Paul, Minnesota prices: $7,400 in 1989 $18,187.74 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2026 ($7,400)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 145.78% higher in 2026 versus 1989 (a $10,787.74 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, $7,400 in Minneapolis/St. Paul in the year 1989 would cost $18,187.74 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
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Buying power of $7,400.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7,400 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$7,400.004.10%
1990$7,703.284.10%
1991$7,909.512.68%
1992$8,188.523.53%
1993$8,443.283.11%
1994$8,710.163.16%
1995$8,916.392.37%
1996$9,213.613.33%
1997$9,425.902.30%
1998$9,601.801.87%
1999$9,905.083.16%
2000$10,317.544.16%
2001$10,705.743.76%
2002$10,893.771.76%
2003$11,081.801.73%
2004$11,397.212.85%
2005$11,712.622.77%
2006$11,900.661.61%
2007$12,206.792.57%
2008$12,674.503.83%
2009$12,609.66-0.51%
2010$12,842.521.85%
2011$13,304.173.59%
2012$13,614.732.33%
2013$13,878.701.94%
2014$14,072.921.40%
2015$13,985.21-0.62%
2016$14,202.241.55%
2017$14,511.222.18%
2018$14,858.782.40%
2019$15,170.362.10%
2020$15,345.721.16%
2021$16,088.574.84%
2022$17,287.377.45%
2023$17,755.152.71%
2024$18,187.742.44%
2025$18,187.740.00% **
2026$18,187.740.00% **

* 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 * $7,400 = $18,187.74

Therefore, according to U.S. Bureau of Labor Statistics, $7,400 in 1989 has the same "purchasing power" as $18,187.74 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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