Minneapolis/St. Paul, Minnesota prices: $1,365 in 1985 $3,825.21 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,365)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $2,460.21 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, $1,365 in Minneapolis/St. Paul in the year 1985 would cost $3,825.21 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%).

View price changes for other categories
Dental services · Admission to sporting events · Film and photographic supplies · Minneapolis-St Paul, Minnesota · More

Buying power of $1,365.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,365 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,365.003.78%
1986$1,382.861.31%
1987$1,423.682.95%
1988$1,495.125.02%
1989$1,556.364.10%
1990$1,620.144.10%
1991$1,663.512.68%
1992$1,722.203.53%
1993$1,775.783.11%
1994$1,831.913.16%
1995$1,875.282.37%
1996$1,937.793.33%
1997$1,982.442.30%
1998$2,019.431.87%
1999$2,083.223.16%
2000$2,169.974.16%
2001$2,251.613.76%
2002$2,291.161.76%
2003$2,330.711.73%
2004$2,397.042.85%
2005$2,463.382.77%
2006$2,502.931.61%
2007$2,567.312.57%
2008$2,665.683.83%
2009$2,652.04-0.51%
2010$2,701.021.85%
2011$2,798.113.59%
2012$2,863.432.33%
2013$2,918.941.94%
2014$2,959.791.40%
2015$2,941.35-0.62%
2016$2,986.991.55%
2017$3,051.972.18%
2018$3,125.072.40%
2019$3,190.602.10%
2020$3,227.491.16%
2021$3,383.724.84%
2022$3,635.857.45%
2023$3,734.232.71%
2024$3,825.212.44%*

* 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 * $1,365 = $3,825.21

Therefore, according to U.S. Bureau of Labor Statistics, $1,365 in 1985 has the same "purchasing power" as $3,825.21 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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