Minneapolis/St. Paul, Minnesota prices: $222 in 1985 $622.12 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($222)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $400.12 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, $222 in Minneapolis/St. Paul in the year 1985 would cost $622.12 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
Bananas · New York · Boston, Massachusetts · Chicago, Illinois · More

Buying power of $222.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $222 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$222.003.78%
1986$224.901.31%
1987$231.542.95%
1988$243.165.02%
1989$253.124.10%
1990$263.504.10%
1991$270.552.68%
1992$280.093.53%
1993$288.813.11%
1994$297.943.16%
1995$304.992.37%
1996$315.163.33%
1997$322.422.30%
1998$328.441.87%
1999$338.813.16%
2000$352.924.16%
2001$366.203.76%
2002$372.631.76%
2003$379.061.73%
2004$389.852.85%
2005$400.642.77%
2006$407.071.61%
2007$417.542.57%
2008$433.543.83%
2009$431.32-0.51%
2010$439.291.85%
2011$455.083.59%
2012$465.702.33%
2013$474.731.94%
2014$481.371.40%
2015$478.37-0.62%
2016$485.801.55%
2017$496.372.18%
2018$508.252.40%
2019$518.912.10%
2020$524.911.16%
2021$550.324.84%
2022$591.337.45%
2023$607.332.71%
2024$622.122.44%*

* 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 * $222 = $622.12

Therefore, according to U.S. Bureau of Labor Statistics, $222 in 1985 has the same "purchasing power" as $622.12 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.

» Read more about inflation and investment.