Minneapolis/St. Paul, Minnesota prices: $9,537 in 1985 $26,726.06 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($9,537)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $17,189.06 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, $9,537 in Minneapolis/St. Paul in the year 1985 would cost $26,726.06 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 $9,537.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,537 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$9,537.003.78%
1986$9,661.781.31%
1987$9,947.002.95%
1988$10,446.135.02%
1989$10,873.964.10%
1990$11,319.624.10%
1991$11,622.662.68%
1992$12,032.663.53%
1993$12,407.013.11%
1994$12,799.193.16%
1995$13,102.232.37%
1996$13,538.973.33%
1997$13,850.932.30%
1998$14,109.411.87%
1999$14,555.073.16%
2000$15,161.164.16%
2001$15,731.593.76%
2002$16,007.901.76%
2003$16,284.201.73%
2004$16,747.692.85%
2005$17,211.172.77%
2006$17,487.471.61%
2007$17,937.312.57%
2008$18,624.603.83%
2009$18,529.32-0.51%
2010$18,871.491.85%
2011$19,549.873.59%
2012$20,006.222.33%
2013$20,394.121.94%
2014$20,679.511.40%
2015$20,550.63-0.62%
2016$20,869.541.55%
2017$21,323.572.18%
2018$21,834.292.40%
2019$22,292.162.10%
2020$22,549.841.16%
2021$23,641.424.84%
2022$25,403.007.45%
2023$26,090.382.71%
2024$26,726.062.44%*

* 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 * $9,537 = $26,726.06

Therefore, according to U.S. Bureau of Labor Statistics, $9,537 in 1985 has the same "purchasing power" as $26,726.06 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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