Minneapolis/St. Paul, Minnesota prices: $116,619,362 in 1985 $326,808,868.55 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($116,619,362)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $210,189,506.55 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, $116,619,362 in Minneapolis/St. Paul in the year 1985 would cost $326,808,868.55 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
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Buying power of $116,619,362.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $116,619,362 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$116,619,362.003.78%
1986$118,145,222.811.31%
1987$121,632,904.672.95%
1988$127,736,347.915.02%
1989$132,967,870.694.10%
1990$138,417,373.594.10%
1991$142,123,035.562.68%
1992$147,136,578.223.53%
1993$151,714,160.663.11%
1994$156,509,723.213.16%
1995$160,215,385.182.37%
1996$165,555,898.023.33%
1997$169,370,550.042.30%
1998$172,531,261.731.87%
1999$177,980,764.623.16%
2000$185,392,088.564.16%
2001$192,367,452.273.76%
2002$195,746,144.071.76%
2003$199,124,835.861.73%
2004$204,792,318.882.85%
2005$210,459,801.892.77%
2006$213,838,493.691.61%
2007$219,339,221.912.57%
2008$227,743,445.283.83%
2009$226,578,341.56-0.51%
2010$230,762,469.881.85%
2011$239,057,703.193.59%
2012$244,637,994.162.33%
2013$249,381,241.481.94%
2014$252,871,103.141.40%
2015$251,295,106.90-0.62%
2016$255,194,771.171.55%
2017$260,746,724.722.18%
2018$266,991,855.042.40%
2019$272,590,674.322.10%
2020$275,741,576.901.16%
2021$289,089,589.294.84%
2022$310,630,384.347.45%
2023$319,035,697.612.71%
2024$326,808,868.552.44%*

* 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 * $116,619,362 = $326,808,868.55

Therefore, according to U.S. Bureau of Labor Statistics, $116,619,362 in 1985 has the same "purchasing power" as $326,808,868.55 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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