Minneapolis/St. Paul, Minnesota prices: $77.95 in 1985 $218.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($77.95)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $140.49 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, $77.95 in Minneapolis/St. Paul in the year 1985 would cost $218.44 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
Bananas · Rent of primary residence · Alcoholic beverages · College tuition and fees · More

Buying power of $77.95 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $77.95 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$77.953.78%
1986$78.971.31%
1987$81.302.95%
1988$85.385.02%
1989$88.884.10%
1990$92.524.10%
1991$95.002.68%
1992$98.353.53%
1993$101.413.11%
1994$104.613.16%
1995$107.092.37%
1996$110.663.33%
1997$113.212.30%
1998$115.321.87%
1999$118.963.16%
2000$123.924.16%
2001$128.583.76%
2002$130.841.76%
2003$133.101.73%
2004$136.892.85%
2005$140.672.77%
2006$142.931.61%
2007$146.612.57%
2008$152.233.83%
2009$151.45-0.51%
2010$154.241.85%
2011$159.793.59%
2012$163.522.33%
2013$166.691.94%
2014$169.021.40%
2015$167.97-0.62%
2016$170.581.55%
2017$174.292.18%
2018$178.462.40%
2019$182.202.10%
2020$184.311.16%
2021$193.234.84%
2022$207.637.45%
2023$213.252.71%
2024$218.442.44%*

* 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 * $77.95 = $218.44

Therefore, according to U.S. Bureau of Labor Statistics, $77.95 in 1985 has the same "purchasing power" as $218.44 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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