Minneapolis/St. Paul, Minnesota prices:$1,970 in 1993$4,243.60 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1993-2026 ($1,970)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 115.41% higher in 2026 versus 1993 (a $2,273.60 difference in value).

Between 1993 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.35% per year. This rate of change indicates significant inflation. In other words, $1,970 in Minneapolis/St. Paul in the year 1993 would cost $4,243.60 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1993: Pricing changed by 3.11%, which is above the average yearly change in Minneapolis/St. Paul during the 1993-2026 time period. Compared to inflation for all items in 1993 (2.95%), 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
Gasoline (all types) · Jewelry · St Louis, Missouri · Televisions · More

Buying power of $1,970.00 since 1993

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,970 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1993$1,970.003.11%
1994$2,032.273.16%
1995$2,080.392.37%
1996$2,149.733.33%
1997$2,199.272.30%
1998$2,240.311.87%
1999$2,311.073.16%
2000$2,407.314.16%
2001$2,497.883.76%
2002$2,541.751.76%
2003$2,585.631.73%
2004$2,659.222.85%
2005$2,732.812.77%
2006$2,776.681.61%
2007$2,848.112.57%
2008$2,957.243.83%
2009$2,942.11-0.51%
2010$2,996.441.85%
2011$3,104.153.59%
2012$3,176.612.33%
2013$3,238.201.94%
2014$3,283.521.40%
2015$3,263.05-0.62%
2016$3,313.691.55%
2017$3,385.782.18%
2018$3,466.872.40%
2019$3,539.572.10%
2020$3,580.491.16%
2021$3,753.814.84%
2022$4,033.527.45%
2023$4,142.662.71%
2024$4,243.602.44%
2025$4,243.600.00% **
2026$4,243.600.00% **

* 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 1993* 1993 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 139.200 in the year 1993 and 299.852 in 2026:

299.852 / 139.200* $1,970 = $4,243.60

Therefore, according to U.S. Bureau of Labor Statistics, $1,970 in 1993 has the same "purchasing power" as $4,243.60 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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