Minneapolis/St. Paul, Minnesota prices: $650 in 1985 $1,611.30 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2021 ($650)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 147.89% higher in 2021 versus 1985 (a $961.30 difference in value).

Between 1985 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, $650 in Minneapolis/St. Paul in the year 1985 would cost $1,611.30 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1985-2021 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
Jewelry · Medical care · Bread · Minneapolis-St Paul, Minnesota · More

Buying power of $650.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $650 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$650.003.78%
1986$658.501.31%
1987$677.942.95%
1988$711.965.02%
1989$741.124.10%
1990$771.504.10%
1991$792.152.68%
1992$820.093.53%
1993$845.613.11%
1994$872.343.16%
1995$892.992.37%
1996$922.763.33%
1997$944.022.30%
1998$961.641.87%
1999$992.013.16%
2000$1,033.324.16%
2001$1,072.203.76%
2002$1,091.031.76%
2003$1,109.861.73%
2004$1,141.452.85%
2005$1,173.042.77%
2006$1,191.871.61%
2007$1,222.532.57%
2008$1,269.373.83%
2009$1,262.88-0.51%
2010$1,286.201.85%
2011$1,332.433.59%
2012$1,363.542.33%
2013$1,389.971.94%
2014$1,409.421.40%
2015$1,400.64-0.62%
2016$1,422.381.55%
2017$1,453.322.18%
2018$1,488.132.40%
2019$1,519.342.10%
2020$1,536.901.16%
2021$1,611.304.84%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1985 * 1985 USD value = 2021 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 265.244 in 2021:

265.244 / 107.000 * $650 = $1,611.30

Therefore, according to U.S. Bureau of Labor Statistics, $650 in 1985 has the same "purchasing power" as $1,611.30 in 2021 (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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