Minneapolis/St. Paul, Minnesota prices: $131.62 in 1985 $368.85 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($131.62)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $237.23 difference in value).

Between 1985 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $131.62 in Minneapolis/St. Paul in the year 1985 would cost $368.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1985: Pricing changed by 3.78%, which is above the average yearly change in Minneapolis/St. Paul during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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%).

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Buying power of $131.62 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $131.62 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$131.623.78%
1986$133.341.31%
1987$137.282.95%
1988$144.175.02%
1989$150.074.10%
1990$156.224.10%
1991$160.402.68%
1992$166.063.53%
1993$171.233.11%
1994$176.643.16%
1995$180.822.37%
1996$186.853.33%
1997$191.162.30%
1998$194.721.87%
1999$200.873.16%
2000$209.244.16%
2001$217.113.76%
2002$220.921.76%
2003$224.741.73%
2004$231.132.85%
2005$237.532.77%
2006$241.341.61%
2007$247.552.57%
2008$257.043.83%
2009$255.72-0.51%
2010$260.451.85%
2011$269.813.59%
2012$276.112.33%
2013$281.461.94%
2014$285.401.40%
2015$283.62-0.62%
2016$288.021.55%
2017$294.292.18%
2018$301.332.40%
2019$307.652.10%
2020$311.211.16%
2021$326.274.84%
2022$350.597.45%
2023$360.072.71%
2024$368.852.44%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 107.000 in the year 1985 and 299.852 in 2024:

299.852 / 107.000 * $131.62 = $368.85

Therefore, according to U.S. Bureau of Labor Statistics, $131.62 in 1985 has the same "purchasing power" as $368.85 in 2024 (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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