Minneapolis/St. Paul, Minnesota prices: $2,400 in 1985 → $6,725.65 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($2,400)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $4,325.65 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, $2,400 in Minneapolis/St. Paul in the year 1985 would cost $6,725.65 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
Airline fares · Gasoline (all types) · Financial services · Admission to sporting events · More

Buying power of $2,400.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,400 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,400.003.78%
1986$2,431.401.31%
1987$2,503.182.95%
1988$2,628.795.02%
1989$2,736.454.10%
1990$2,848.604.10%
1991$2,924.862.68%
1992$3,028.043.53%
1993$3,122.243.11%
1994$3,220.933.16%
1995$3,297.202.37%
1996$3,407.103.33%
1997$3,485.612.30%
1998$3,550.651.87%
1999$3,662.803.16%
2000$3,815.334.16%
2001$3,958.883.76%
2002$4,028.411.76%
2003$4,097.941.73%
2004$4,214.582.85%
2005$4,331.212.77%
2006$4,400.751.61%
2007$4,513.952.57%
2008$4,686.913.83%
2009$4,662.93-0.51%
2010$4,749.041.85%
2011$4,919.753.59%
2012$5,034.592.33%
2013$5,132.211.94%
2014$5,204.031.40%
2015$5,171.60-0.62%
2016$5,251.851.55%
2017$5,366.112.18%
2018$5,494.632.40%
2019$5,609.852.10%
2020$5,674.701.16%
2021$5,949.404.84%
2022$6,392.707.45%
2023$6,565.682.71%
2024$6,725.652.44%*

* 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 * $2,400 = $6,725.65

Therefore, according to U.S. Bureau of Labor Statistics, $2,400 in 1985 has the same "purchasing power" as $6,725.65 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.

» Read more about inflation and investment.