Minneapolis/St. Paul, Minnesota prices:$4,800 in 1994$10,022.91 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1994-2026 ($4,800)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 108.81% higher in 2026 versus 1994 (a $5,222.91 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, $4,800 in Minneapolis/St. Paul in the year 1994 would cost $10,022.91 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
New trucks · Fresh fruits · Housing · Wine at home · More

Buying power of $4,800.00 since 1994

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $4,800 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$4,800.003.16%
1995$4,913.652.37%
1996$5,077.443.33%
1997$5,194.432.30%
1998$5,291.361.87%
1999$5,458.503.16%
2000$5,685.794.16%
2001$5,899.723.76%
2002$6,003.341.76%
2003$6,106.961.73%
2004$6,280.782.85%
2005$6,454.602.77%
2006$6,558.221.61%
2007$6,726.922.57%
2008$6,984.673.83%
2009$6,948.94-0.51%
2010$7,077.261.85%
2011$7,331.673.59%
2012$7,502.812.33%
2013$7,648.281.94%
2014$7,755.311.40%
2015$7,706.97-0.62%
2016$7,826.571.55%
2017$7,996.852.18%
2018$8,188.382.40%
2019$8,360.092.10%
2020$8,456.721.16%
2021$8,866.094.84%
2022$9,526.737.45%
2023$9,784.512.71%
2024$10,022.912.44%
2025$10,022.910.00% **
2026$10,022.910.00% **

* 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* $4,800 = $10,022.91

Therefore, according to U.S. Bureau of Labor Statistics, $4,800 in 1994 has the same "purchasing power" as $10,022.91 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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