Minneapolis/St. Paul, Minnesota prices: $230 in 1985 → $644.54 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($230)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $414.54 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, $230 in Minneapolis/St. Paul in the year 1985 would cost $644.54 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
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
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Buying power of $230.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $230 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$230.003.78%
1986$233.011.31%
1987$239.892.95%
1988$251.935.02%
1989$262.244.10%
1990$272.994.10%
1991$280.302.68%
1992$290.193.53%
1993$299.213.11%
1994$308.673.16%
1995$315.982.37%
1996$326.513.33%
1997$334.042.30%
1998$340.271.87%
1999$351.023.16%
2000$365.644.16%
2001$379.393.76%
2002$386.061.76%
2003$392.721.73%
2004$403.902.85%
2005$415.072.77%
2006$421.741.61%
2007$432.592.57%
2008$449.163.83%
2009$446.86-0.51%
2010$455.121.85%
2011$471.483.59%
2012$482.482.33%
2013$491.841.94%
2014$498.721.40%
2015$495.61-0.62%
2016$503.301.55%
2017$514.252.18%
2018$526.572.40%
2019$537.612.10%
2020$543.831.16%
2021$570.154.84%
2022$612.637.45%
2023$629.212.71%
2024$644.542.44%*

* 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 * $230 = $644.54

Therefore, according to U.S. Bureau of Labor Statistics, $230 in 1985 has the same "purchasing power" as $644.54 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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