Minneapolis/St. Paul, Minnesota prices: $10,000,000 in 1985 $27,357,009.35 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($10,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $17,357,009.35 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, $10,000,000 in Minneapolis/St. Paul in the year 1985 would cost $27,357,009.35 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%).

View price changes for other categories
Admission to sporting events · New trucks · Dental services · Women's apparel · More

Buying power of $10,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $10,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$10,000,000.003.78%
1986$10,130,841.121.31%
1987$10,429,906.542.95%
1988$10,953,271.035.02%
1989$11,401,869.164.10%
1990$11,869,158.884.10%
1991$12,186,915.892.68%
1992$12,616,822.433.53%
1993$13,009,345.793.11%
1994$13,420,560.753.16%
1995$13,738,317.762.37%
1996$14,196,261.683.33%
1997$14,523,364.492.30%
1998$14,794,392.521.87%
1999$15,261,682.243.16%
2000$15,897,196.264.16%
2001$16,495,327.103.76%
2002$16,785,046.731.76%
2003$17,074,766.361.73%
2004$17,560,747.662.85%
2005$18,046,728.972.77%
2006$18,336,448.601.61%
2007$18,808,130.842.57%
2008$19,528,785.053.83%
2009$19,428,878.50-0.51%
2010$19,787,663.551.85%
2011$20,498,971.963.59%
2012$20,977,476.642.33%
2013$21,384,205.611.94%
2014$21,683,457.941.40%
2015$21,548,317.76-0.62%
2016$21,882,710.281.55%
2017$22,358,785.052.18%
2018$22,894,299.072.40%
2019$23,374,392.522.10%
2020$23,644,579.441.16%
2021$24,789,158.884.84%
2022$26,636,261.687.45%
2023$27,357,009.352.71%*

* 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 * $10,000,000 = $27,357,009.35

Therefore, according to U.S. Bureau of Labor Statistics, $10,000,000 in 1985 has the same "purchasing power" as $27,357,009.35 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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