Minneapolis/St. Paul, Minnesota prices: $3,800 in 1985 → $10,648.95 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($3,800)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $6,848.95 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, $3,800 in Minneapolis/St. Paul in the year 1985 would cost $10,648.95 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
Medical care · New trucks · Minneapolis-St Paul, Minnesota · Educational books and supplies · More

Buying power of $3,800.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,800 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$3,800.003.78%
1986$3,849.721.31%
1987$3,963.362.95%
1988$4,162.245.02%
1989$4,332.714.10%
1990$4,510.284.10%
1991$4,631.032.68%
1992$4,794.393.53%
1993$4,943.553.11%
1994$5,099.813.16%
1995$5,220.562.37%
1996$5,394.583.33%
1997$5,518.882.30%
1998$5,621.871.87%
1999$5,799.443.16%
2000$6,040.934.16%
2001$6,268.223.76%
2002$6,378.321.76%
2003$6,488.411.73%
2004$6,673.082.85%
2005$6,857.762.77%
2006$6,967.851.61%
2007$7,147.092.57%
2008$7,420.943.83%
2009$7,382.97-0.51%
2010$7,519.311.85%
2011$7,789.613.59%
2012$7,971.442.33%
2013$8,126.001.94%
2014$8,239.711.40%
2015$8,188.36-0.62%
2016$8,315.431.55%
2017$8,496.342.18%
2018$8,699.832.40%
2019$8,882.272.10%
2020$8,984.941.16%
2021$9,419.884.84%
2022$10,121.787.45%
2023$10,395.662.71%
2024$10,648.952.44%*

* 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 * $3,800 = $10,648.95

Therefore, according to U.S. Bureau of Labor Statistics, $3,800 in 1985 has the same "purchasing power" as $10,648.95 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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