Minneapolis/St. Paul, Minnesota prices:$8,500 in 1994$18,160.52 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1994-2025 ($8,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 113.65% higher in 2025 versus 1994 (a $9,660.52 difference in value).

Between 1994 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, $8,500 in Minneapolis/St. Paul in the year 1994 would cost $18,160.52 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.54% 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 1994-2025 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
Admission to sporting events · Seattle, Washington · Chicago, Illinois · Milk · More

Buying power of $8,500.00 since 1994

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,500 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$8,500.003.16%
1995$8,701.252.37%
1996$8,991.303.33%
1997$9,198.472.30%
1998$9,370.131.87%
1999$9,666.093.16%
2000$10,068.594.16%
2001$10,447.423.76%
2002$10,630.921.76%
2003$10,814.421.73%
2004$11,122.212.85%
2005$11,430.012.77%
2006$11,613.511.61%
2007$11,912.252.57%
2008$12,368.683.83%
2009$12,305.41-0.51%
2010$12,532.651.85%
2011$12,983.163.59%
2012$13,286.222.33%
2013$13,543.831.94%
2014$13,733.361.40%
2015$13,647.77-0.62%
2016$13,859.561.55%
2017$14,161.082.18%
2018$14,500.252.40%
2019$14,804.322.10%
2020$14,975.451.16%
2021$15,700.384.84%
2022$16,870.257.45%
2023$17,326.742.71%
2024$17,748.902.44%
2025$18,160.522.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1994* 1994 USD value = 2025 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 306.806 in 2025:

306.806 / 143.600* $8,500 = $18,160.52

Therefore, according to U.S. Bureau of Labor Statistics, $8,500 in 1994 has the same "purchasing power" as $18,160.52 in 2025 (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.

» Read more about inflation and investment.