Minneapolis/St. Paul, Minnesota prices: $122,000,000 in 1985 $341,887,327.10 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($122,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $219,887,327.10 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, $122,000,000 in Minneapolis/St. Paul in the year 1985 would cost $341,887,327.10 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 $122,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $122,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$122,000,000.003.78%
1986$123,596,261.681.31%
1987$127,244,859.812.95%
1988$133,629,906.545.02%
1989$139,102,803.744.10%
1990$144,803,738.324.10%
1991$148,680,373.832.68%
1992$153,925,233.643.53%
1993$158,714,018.693.11%
1994$163,730,841.123.16%
1995$167,607,476.642.37%
1996$173,194,392.523.33%
1997$177,185,046.732.30%
1998$180,491,588.791.87%
1999$186,192,523.363.16%
2000$193,945,794.394.16%
2001$201,242,990.653.76%
2002$204,777,570.091.76%
2003$208,312,149.531.73%
2004$214,241,121.502.85%
2005$220,170,093.462.77%
2006$223,704,672.901.61%
2007$229,459,196.262.57%
2008$238,251,177.573.83%
2009$237,032,317.76-0.51%
2010$241,409,495.331.85%
2011$250,087,457.943.59%
2012$255,925,214.952.33%
2013$260,887,308.411.94%
2014$264,538,186.921.40%
2015$262,889,476.64-0.62%
2016$266,969,065.421.55%
2017$272,777,177.572.18%
2018$279,310,448.602.40%
2019$285,167,588.792.10%
2020$288,463,869.161.16%
2021$302,427,738.324.84%
2022$324,962,392.527.45%
2023$333,755,514.022.71%
2024$341,887,327.102.44%*

* 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 * $122,000,000 = $341,887,327.10

Therefore, according to U.S. Bureau of Labor Statistics, $122,000,000 in 1985 has the same "purchasing power" as $341,887,327.10 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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