Minneapolis/St. Paul, Minnesota prices: $108,291,720 in 1985 $303,471,858.18 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($108,291,720)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $195,180,138.18 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, $108,291,720 in Minneapolis/St. Paul in the year 1985 would cost $303,471,858.18 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
Film and photographic supplies · Electricity · New trucks · New cars · More

Buying power of $108,291,720.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $108,291,720 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$108,291,720.003.78%
1986$109,708,621.011.31%
1987$112,947,251.892.95%
1988$118,614,855.935.02%
1989$123,472,802.244.10%
1990$128,533,162.994.10%
1991$131,974,208.302.68%
1992$136,629,740.193.53%
1993$140,880,443.213.11%
1994$145,333,560.673.16%
1995$148,774,605.982.37%
1996$153,733,759.513.33%
1997$157,276,012.042.30%
1998$160,211,021.271.87%
1999$165,271,382.023.16%
2000$172,153,472.644.16%
2001$178,630,734.393.76%
2002$181,768,158.061.76%
2003$184,905,581.721.73%
2004$190,168,356.902.85%
2005$195,431,132.072.77%
2006$198,568,555.741.61%
2007$203,676,483.882.57%
2008$211,480,572.223.83%
2009$210,398,667.09-0.51%
2010$214,284,012.081.85%
2011$221,986,893.213.59%
2012$227,168,702.612.33%
2013$231,573,240.611.94%
2014$234,813,895.631.40%
2015$233,350,439.30-0.62%
2016$236,971,633.451.55%
2017$242,127,128.982.18%
2018$247,926,302.402.40%
2019$253,125,317.032.10%
2020$256,051,217.621.16%
2021$268,446,065.234.84%
2022$288,448,659.197.45%
2023$296,253,759.612.71%
2024$303,471,858.182.44%*

* 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 * $108,291,720 = $303,471,858.18

Therefore, according to U.S. Bureau of Labor Statistics, $108,291,720 in 1985 has the same "purchasing power" as $303,471,858.18 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.