Minneapolis/St. Paul, Minnesota prices: $153 in 1985 $428.76 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($153)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $275.76 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, $153 in Minneapolis/St. Paul in the year 1985 would cost $428.76 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
Minneapolis-St Paul, Minnesota · Airline fares · St Louis, Missouri · Fresh fruits · More

Buying power of $153.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $153 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$153.003.78%
1986$155.001.31%
1987$159.582.95%
1988$167.595.02%
1989$174.454.10%
1990$181.604.10%
1991$186.462.68%
1992$193.043.53%
1993$199.043.11%
1994$205.333.16%
1995$210.202.37%
1996$217.203.33%
1997$222.212.30%
1998$226.351.87%
1999$233.503.16%
2000$243.234.16%
2001$252.383.76%
2002$256.811.76%
2003$261.241.73%
2004$268.682.85%
2005$276.112.77%
2006$280.551.61%
2007$287.762.57%
2008$298.793.83%
2009$297.26-0.51%
2010$302.751.85%
2011$313.633.59%
2012$320.962.33%
2013$327.181.94%
2014$331.761.40%
2015$329.69-0.62%
2016$334.811.55%
2017$342.092.18%
2018$350.282.40%
2019$357.632.10%
2020$361.761.16%
2021$379.274.84%
2022$407.537.45%
2023$418.562.71%
2024$428.762.44%*

* 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 * $153 = $428.76

Therefore, according to U.S. Bureau of Labor Statistics, $153 in 1985 has the same "purchasing power" as $428.76 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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