Minneapolis/St. Paul, Minnesota prices: $85 in 2006 $129.91 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 2006-2024 ($85)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 52.83% higher in 2024 versus 2006 (a $44.91 difference in value).

Between 2006 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.38% per year. This rate of change indicates significant inflation. In other words, $85 in Minneapolis/St. Paul in the year 2006 would cost $129.91 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2006: Pricing changed by 1.61%, which is below the average yearly change in Minneapolis/St. Paul during the 2006-2024 time period. Compared to inflation for all items in 2006 (3.23%), inflation in Minneapolis/St. Paul was lower.

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
College tuition and fees · Chicago, Illinois · Minneapolis-St Paul, Minnesota · Medical care · More

Buying power of $85.00 since 2006

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $85 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2006$85.001.61%
2007$87.192.57%
2008$90.533.83%
2009$90.06-0.51%
2010$91.731.85%
2011$95.023.59%
2012$97.242.33%
2013$99.131.94%
2014$100.521.40%
2015$99.89-0.62%
2016$101.441.55%
2017$103.652.18%
2018$106.132.40%
2019$108.352.10%
2020$109.611.16%
2021$114.914.84%
2022$123.477.45%
2023$126.822.71%
2024$129.912.44%*

* 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 2006 * 2006 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 196.200 in the year 2006 and 299.852 in 2024:

299.852 / 196.200 * $85 = $129.91

Therefore, according to U.S. Bureau of Labor Statistics, $85 in 2006 has the same "purchasing power" as $129.91 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.