Minneapolis/St. Paul, Minnesota prices: $77,153,487 in 1985 $211,068,866.49 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($77,153,487)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $133,915,379.49 difference in value).

Between 1985 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $77,153,487 in Minneapolis/St. Paul in the year 1985 would cost $211,068,866.49 in 2023 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 1985-2023 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%).

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Buying power of $77,153,487.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $77,153,487 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$77,153,487.003.78%
1986$78,162,971.881.31%
1987$80,470,365.882.95%
1988$84,508,305.395.02%
1989$87,969,396.394.10%
1990$91,574,699.524.10%
1991$94,026,305.652.68%
1992$97,343,184.533.53%
1993$100,371,639.163.11%
1994$103,544,305.923.16%
1995$105,995,912.052.37%
1996$109,529,109.113.33%
1997$112,052,821.312.30%
1998$114,143,897.121.87%
1999$117,749,200.253.16%
2000$122,652,412.514.16%
2001$127,267,200.523.76%
2002$129,502,488.461.76%
2003$131,737,776.401.73%
2004$135,487,291.662.85%
2005$139,236,806.912.77%
2006$141,472,094.851.61%
2007$145,111,287.832.57%
2008$150,671,386.323.83%
2009$149,900,572.51-0.51%
2010$152,668,724.261.85%
2011$158,156,716.683.59%
2012$161,848,547.092.33%
2013$164,986,602.931.94%
2014$167,295,439.061.40%
2015$166,252,785.39-0.62%
2016$168,832,740.311.55%
2017$172,505,823.142.18%
2018$176,637,500.532.40%
2019$180,341,588.972.10%
2020$182,426,175.241.16%
2021$191,257,004.734.84%
2022$205,508,046.947.45%
2023$211,068,866.492.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1985 * 1985 USD value = 2023 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 292.720 in 2023:

292.720 / 107.000 * $77,153,487 = $211,068,866.49

Therefore, according to U.S. Bureau of Labor Statistics, $77,153,487 in 1985 has the same "purchasing power" as $211,068,866.49 in 2023 (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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