Minneapolis/St. Paul, Minnesota prices: $2,269 in 1985 $6,207.31 in 2023

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2023 ($2,269)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $3,938.31 difference in value).

Between 1985 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $2,269 in Minneapolis/St. Paul in the year 1985 would cost $6,207.31 in 2023 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 1985-2023 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
Phoenix, Arizona · Wireless telephone services · St Louis, Missouri · Dental services · More

Buying power of $2,269.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,269 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,269.003.78%
1986$2,298.691.31%
1987$2,366.552.95%
1988$2,485.305.02%
1989$2,587.084.10%
1990$2,693.114.10%
1991$2,765.212.68%
1992$2,862.763.53%
1993$2,951.823.11%
1994$3,045.133.16%
1995$3,117.222.37%
1996$3,221.133.33%
1997$3,295.352.30%
1998$3,356.851.87%
1999$3,462.883.16%
2000$3,607.074.16%
2001$3,742.793.76%
2002$3,808.531.76%
2003$3,874.261.73%
2004$3,984.532.85%
2005$4,094.802.77%
2006$4,160.541.61%
2007$4,267.562.57%
2008$4,431.083.83%
2009$4,408.41-0.51%
2010$4,489.821.85%
2011$4,651.223.59%
2012$4,759.792.33%
2013$4,852.081.94%
2014$4,919.981.40%
2015$4,889.31-0.62%
2016$4,965.191.55%
2017$5,073.212.18%
2018$5,194.722.40%
2019$5,303.652.10%
2020$5,364.961.16%
2021$5,624.664.84%
2022$6,043.777.45%
2023$6,207.312.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1985 * 1985 USD value = 2023 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 292.720 in 2023:

292.720 / 107.000 * $2,269 = $6,207.31

Therefore, according to U.S. Bureau of Labor Statistics, $2,269 in 1985 has the same "purchasing power" as $6,207.31 in 2023 (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.