Minneapolis/St. Paul, Minnesota prices: $14.80 in 1985 $41.47 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($14.80)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $26.67 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, $14.80 in Minneapolis/St. Paul in the year 1985 would cost $41.47 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
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Buying power of $14.80 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $14.80 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$14.803.78%
1986$14.991.31%
1987$15.442.95%
1988$16.215.02%
1989$16.874.10%
1990$17.574.10%
1991$18.042.68%
1992$18.673.53%
1993$19.253.11%
1994$19.863.16%
1995$20.332.37%
1996$21.013.33%
1997$21.492.30%
1998$21.901.87%
1999$22.593.16%
2000$23.534.16%
2001$24.413.76%
2002$24.841.76%
2003$25.271.73%
2004$25.992.85%
2005$26.712.77%
2006$27.141.61%
2007$27.842.57%
2008$28.903.83%
2009$28.75-0.51%
2010$29.291.85%
2011$30.343.59%
2012$31.052.33%
2013$31.651.94%
2014$32.091.40%
2015$31.89-0.62%
2016$32.391.55%
2017$33.092.18%
2018$33.882.40%
2019$34.592.10%
2020$34.991.16%
2021$36.694.84%
2022$39.427.45%
2023$40.492.71%
2024$41.472.44%*

* 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 * $14.80 = $41.47

Therefore, according to U.S. Bureau of Labor Statistics, $14.80 in 1985 has the same "purchasing power" as $41.47 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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