Minneapolis/St. Paul, Minnesota prices:$3,000 in 1994$6,264.32 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1994-2026 ($3,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 108.81% higher in 2026 versus 1994 (a $3,264.32 difference in value).

Between 1994 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, $3,000 in Minneapolis/St. Paul in the year 1994 would cost $6,264.32 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 1994: Pricing changed by 3.16%, which is above the average yearly change in Minneapolis/St. Paul during the 1994-2026 time period. Compared to inflation for all items in 1994 (2.61%), 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 $3,000.00 since 1994

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,000 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$3,000.003.16%
1995$3,071.032.37%
1996$3,173.403.33%
1997$3,246.522.30%
1998$3,307.101.87%
1999$3,411.563.16%
2000$3,553.624.16%
2001$3,687.333.76%
2002$3,752.091.76%
2003$3,816.851.73%
2004$3,925.492.85%
2005$4,034.122.77%
2006$4,098.891.61%
2007$4,204.322.57%
2008$4,365.423.83%
2009$4,343.08-0.51%
2010$4,423.291.85%
2011$4,582.293.59%
2012$4,689.252.33%
2013$4,780.171.94%
2014$4,847.071.40%
2015$4,816.86-0.62%
2016$4,891.611.55%
2017$4,998.032.18%
2018$5,117.742.40%
2019$5,225.062.10%
2020$5,285.451.16%
2021$5,541.314.84%
2022$5,954.217.45%
2023$6,115.322.71%
2024$6,264.322.44%
2025$6,264.320.00% **
2026$6,264.320.00% **

* 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 1994* 1994 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 143.600 in the year 1994 and 299.852 in 2026:

299.852 / 143.600* $3,000 = $6,264.32

Therefore, according to U.S. Bureau of Labor Statistics, $3,000 in 1994 has the same "purchasing power" as $6,264.32 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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