Minneapolis/St. Paul, Minnesota prices: $237 in 1985 $664.16 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($237)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $427.16 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, $237 in Minneapolis/St. Paul in the year 1985 would cost $664.16 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
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Hospital services · Milk · Women's apparel · Chicago, Illinois · More

Buying power of $237.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $237 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$237.003.78%
1986$240.101.31%
1987$247.192.95%
1988$259.595.02%
1989$270.224.10%
1990$281.304.10%
1991$288.832.68%
1992$299.023.53%
1993$308.323.11%
1994$318.073.16%
1995$325.602.37%
1996$336.453.33%
1997$344.202.30%
1998$350.631.87%
1999$361.703.16%
2000$376.764.16%
2001$390.943.76%
2002$397.811.76%
2003$404.671.73%
2004$416.192.85%
2005$427.712.77%
2006$434.571.61%
2007$445.752.57%
2008$462.833.83%
2009$460.46-0.51%
2010$468.971.85%
2011$485.833.59%
2012$497.172.33%
2013$506.811.94%
2014$513.901.40%
2015$510.70-0.62%
2016$518.621.55%
2017$529.902.18%
2018$542.592.40%
2019$553.972.10%
2020$560.381.16%
2021$587.504.84%
2022$631.287.45%
2023$648.362.71%
2024$664.162.44%*

* 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 * $237 = $664.16

Therefore, according to U.S. Bureau of Labor Statistics, $237 in 1985 has the same "purchasing power" as $664.16 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.