Minneapolis/St. Paul, Minnesota prices: $49.49 in 1985 → $138.69 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($49.49)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $89.20 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, $49.49 in Minneapolis/St. Paul in the year 1985 would cost $138.69 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
College tuition and fees · Electricity · Medical care · Fish and seafood · More

Buying power of $49.49 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $49.49 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$49.493.78%
1986$50.141.31%
1987$51.622.95%
1988$54.215.02%
1989$56.434.10%
1990$58.744.10%
1991$60.312.68%
1992$62.443.53%
1993$64.383.11%
1994$66.423.16%
1995$67.992.37%
1996$70.263.33%
1997$71.882.30%
1998$73.221.87%
1999$75.533.16%
2000$78.684.16%
2001$81.643.76%
2002$83.071.76%
2003$84.501.73%
2004$86.912.85%
2005$89.312.77%
2006$90.751.61%
2007$93.082.57%
2008$96.653.83%
2009$96.15-0.51%
2010$97.931.85%
2011$101.453.59%
2012$103.822.33%
2013$105.831.94%
2014$107.311.40%
2015$106.64-0.62%
2016$108.301.55%
2017$110.652.18%
2018$113.302.40%
2019$115.682.10%
2020$117.021.16%
2021$122.684.84%
2022$131.827.45%
2023$135.392.71%
2024$138.692.44%*

* 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 * $49.49 = $138.69

Therefore, according to U.S. Bureau of Labor Statistics, $49.49 in 1985 has the same "purchasing power" as $138.69 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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