Minneapolis/St. Paul, Minnesota prices: $101 in 1985 $283.04 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($101)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $182.04 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, $101 in Minneapolis/St. Paul in the year 1985 would cost $283.04 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 $101.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $101 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$101.003.78%
1986$102.321.31%
1987$105.342.95%
1988$110.635.02%
1989$115.164.10%
1990$119.884.10%
1991$123.092.68%
1992$127.433.53%
1993$131.393.11%
1994$135.553.16%
1995$138.762.37%
1996$143.383.33%
1997$146.692.30%
1998$149.421.87%
1999$154.143.16%
2000$160.564.16%
2001$166.603.76%
2002$169.531.76%
2003$172.461.73%
2004$177.362.85%
2005$182.272.77%
2006$185.201.61%
2007$189.962.57%
2008$197.243.83%
2009$196.23-0.51%
2010$199.861.85%
2011$207.043.59%
2012$211.872.33%
2013$215.981.94%
2014$219.001.40%
2015$217.64-0.62%
2016$221.021.55%
2017$225.822.18%
2018$231.232.40%
2019$236.082.10%
2020$238.811.16%
2021$250.374.84%
2022$269.037.45%
2023$276.312.71%
2024$283.042.44%*

* 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 * $101 = $283.04

Therefore, according to U.S. Bureau of Labor Statistics, $101 in 1985 has the same "purchasing power" as $283.04 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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