Minneapolis/St. Paul, Minnesota prices: $822 in 1985 $2,303.54 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($822)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,481.54 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, $822 in Minneapolis/St. Paul in the year 1985 would cost $2,303.54 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
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Educational books and supplies · Electricity · Detroit, Michigan · Milk · More

Buying power of $822.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $822 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$822.003.78%
1986$832.761.31%
1987$857.342.95%
1988$900.365.02%
1989$937.234.10%
1990$975.644.10%
1991$1,001.762.68%
1992$1,037.103.53%
1993$1,069.373.11%
1994$1,103.173.16%
1995$1,129.292.37%
1996$1,166.933.33%
1997$1,193.822.30%
1998$1,216.101.87%
1999$1,254.513.16%
2000$1,306.754.16%
2001$1,355.923.76%
2002$1,379.731.76%
2003$1,403.551.73%
2004$1,443.492.85%
2005$1,483.442.77%
2006$1,507.261.61%
2007$1,546.032.57%
2008$1,605.273.83%
2009$1,597.05-0.51%
2010$1,626.551.85%
2011$1,685.023.59%
2012$1,724.352.33%
2013$1,757.781.94%
2014$1,782.381.40%
2015$1,771.27-0.62%
2016$1,798.761.55%
2017$1,837.892.18%
2018$1,881.912.40%
2019$1,921.382.10%
2020$1,943.581.16%
2021$2,037.674.84%
2022$2,189.507.45%
2023$2,248.752.71%
2024$2,303.542.44%*

* 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 * $822 = $2,303.54

Therefore, according to U.S. Bureau of Labor Statistics, $822 in 1985 has the same "purchasing power" as $2,303.54 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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