Minneapolis/St. Paul, Minnesota prices: $46.40 in 1985 $130.03 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($46.40)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $83.63 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, $46.40 in Minneapolis/St. Paul in the year 1985 would cost $130.03 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 · Alcoholic beverages · Denver, Colorado · Frankfurters · More

Buying power of $46.40 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $46.40 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$46.403.78%
1986$47.011.31%
1987$48.392.95%
1988$50.825.02%
1989$52.904.10%
1990$55.074.10%
1991$56.552.68%
1992$58.543.53%
1993$60.363.11%
1994$62.273.16%
1995$63.752.37%
1996$65.873.33%
1997$67.392.30%
1998$68.651.87%
1999$70.813.16%
2000$73.764.16%
2001$76.543.76%
2002$77.881.76%
2003$79.231.73%
2004$81.482.85%
2005$83.742.77%
2006$85.081.61%
2007$87.272.57%
2008$90.613.83%
2009$90.15-0.51%
2010$91.811.85%
2011$95.123.59%
2012$97.342.33%
2013$99.221.94%
2014$100.611.40%
2015$99.98-0.62%
2016$101.541.55%
2017$103.742.18%
2018$106.232.40%
2019$108.462.10%
2020$109.711.16%
2021$115.024.84%
2022$123.597.45%
2023$126.942.71%
2024$130.032.44%*

* 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 * $46.40 = $130.03

Therefore, according to U.S. Bureau of Labor Statistics, $46.40 in 1985 has the same "purchasing power" as $130.03 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.