Minneapolis/St. Paul, Minnesota prices: $177 in 1985 $496.02 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($177)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $319.02 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, $177 in Minneapolis/St. Paul in the year 1985 would cost $496.02 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
Wireless telephone services · New cars · Food · Electricity · More

Buying power of $177.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $177 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$177.003.78%
1986$179.321.31%
1987$184.612.95%
1988$193.875.02%
1989$201.814.10%
1990$210.084.10%
1991$215.712.68%
1992$223.323.53%
1993$230.273.11%
1994$237.543.16%
1995$243.172.37%
1996$251.273.33%
1997$257.062.30%
1998$261.861.87%
1999$270.133.16%
2000$281.384.16%
2001$291.973.76%
2002$297.101.76%
2003$302.221.73%
2004$310.832.85%
2005$319.432.77%
2006$324.561.61%
2007$332.902.57%
2008$345.663.83%
2009$343.89-0.51%
2010$350.241.85%
2011$362.833.59%
2012$371.302.33%
2013$378.501.94%
2014$383.801.40%
2015$381.41-0.62%
2016$387.321.55%
2017$395.752.18%
2018$405.232.40%
2019$413.732.10%
2020$418.511.16%
2021$438.774.84%
2022$471.467.45%
2023$484.222.71%
2024$496.022.44%*

* 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 * $177 = $496.02

Therefore, according to U.S. Bureau of Labor Statistics, $177 in 1985 has the same "purchasing power" as $496.02 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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