Minneapolis/St. Paul, Minnesota prices: $5,366 in 1985 $15,037.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($5,366)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $9,671.44 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, $5,366 in Minneapolis/St. Paul in the year 1985 would cost $15,037.44 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
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Buying power of $5,366.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,366 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,366.003.78%
1986$5,436.211.31%
1987$5,596.692.95%
1988$5,877.535.02%
1989$6,118.244.10%
1990$6,368.994.10%
1991$6,539.502.68%
1992$6,770.193.53%
1993$6,980.813.11%
1994$7,201.473.16%
1995$7,371.982.37%
1996$7,617.713.33%
1997$7,793.242.30%
1998$7,938.671.87%
1999$8,189.423.16%
2000$8,530.444.16%
2001$8,851.393.76%
2002$9,006.861.76%
2003$9,162.321.73%
2004$9,423.102.85%
2005$9,683.872.77%
2006$9,839.341.61%
2007$10,092.442.57%
2008$10,479.153.83%
2009$10,425.54-0.51%
2010$10,618.061.85%
2011$10,999.753.59%
2012$11,256.512.33%
2013$11,474.761.94%
2014$11,635.341.40%
2015$11,562.83-0.62%
2016$11,742.261.55%
2017$11,997.722.18%
2018$12,285.082.40%
2019$12,542.702.10%
2020$12,687.681.16%
2021$13,301.864.84%
2022$14,293.027.45%
2023$14,679.772.71%
2024$15,037.442.44%*

* 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 * $5,366 = $15,037.44

Therefore, according to U.S. Bureau of Labor Statistics, $5,366 in 1985 has the same "purchasing power" as $15,037.44 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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