Minneapolis/St. Paul, Minnesota prices: $3,149 in 1985 $8,824.62 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($3,149)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $5,675.62 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, $3,149 in Minneapolis/St. Paul in the year 1985 would cost $8,824.62 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
Film and photographic supplies · Wireless telephone services · Public transportation · College tuition and fees · More

Buying power of $3,149.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,149 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$3,149.003.78%
1986$3,190.201.31%
1987$3,284.382.95%
1988$3,449.195.02%
1989$3,590.454.10%
1990$3,737.604.10%
1991$3,837.662.68%
1992$3,973.043.53%
1993$4,096.643.11%
1994$4,226.133.16%
1995$4,326.202.37%
1996$4,470.403.33%
1997$4,573.412.30%
1998$4,658.751.87%
1999$4,805.903.16%
2000$5,006.034.16%
2001$5,194.383.76%
2002$5,285.611.76%
2003$5,376.841.73%
2004$5,529.882.85%
2005$5,682.912.77%
2006$5,774.151.61%
2007$5,922.682.57%
2008$6,149.613.83%
2009$6,118.15-0.51%
2010$6,231.141.85%
2011$6,455.133.59%
2012$6,605.812.33%
2013$6,733.891.94%
2014$6,828.121.40%
2015$6,785.57-0.62%
2016$6,890.871.55%
2017$7,040.782.18%
2018$7,209.412.40%
2019$7,360.602.10%
2020$7,445.681.16%
2021$7,806.114.84%
2022$8,387.767.45%
2023$8,614.722.71%
2024$8,824.622.44%*

* 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 * $3,149 = $8,824.62

Therefore, according to U.S. Bureau of Labor Statistics, $3,149 in 1985 has the same "purchasing power" as $8,824.62 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.