Minneapolis/St. Paul, Minnesota prices: $145,000,000 in 1985 $406,341,495.33 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($145,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $261,341,495.33 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, $145,000,000 in Minneapolis/St. Paul in the year 1985 would cost $406,341,495.33 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
Public transportation · Admission to sporting events · Detroit, Michigan · Food · More

Buying power of $145,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $145,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$145,000,000.003.78%
1986$146,897,196.261.31%
1987$151,233,644.862.95%
1988$158,822,429.915.02%
1989$165,327,102.804.10%
1990$172,102,803.744.10%
1991$176,710,280.372.68%
1992$182,943,925.233.53%
1993$188,635,514.023.11%
1994$194,598,130.843.16%
1995$199,205,607.482.37%
1996$205,845,794.393.33%
1997$210,588,785.052.30%
1998$214,518,691.591.87%
1999$221,294,392.523.16%
2000$230,509,345.794.16%
2001$239,182,242.993.76%
2002$243,383,177.571.76%
2003$247,584,112.151.73%
2004$254,630,841.122.85%
2005$261,677,570.092.77%
2006$265,878,504.671.61%
2007$272,717,897.202.57%
2008$283,167,383.183.83%
2009$281,718,738.32-0.51%
2010$286,921,121.501.85%
2011$297,235,093.463.59%
2012$304,173,411.212.33%
2013$310,070,981.311.94%
2014$314,410,140.191.40%
2015$312,450,607.48-0.62%
2016$317,299,299.071.55%
2017$324,202,383.182.18%
2018$331,967,336.452.40%
2019$338,928,691.592.10%
2020$342,846,401.871.16%
2021$359,442,803.744.84%
2022$386,225,794.397.45%
2023$396,676,635.512.71%
2024$406,341,495.332.44%*

* 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 * $145,000,000 = $406,341,495.33

Therefore, according to U.S. Bureau of Labor Statistics, $145,000,000 in 1985 has the same "purchasing power" as $406,341,495.33 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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