Minneapolis/St. Paul, Minnesota prices: $165,000,000 in 1985 $451,390,654.21 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($165,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $286,390,654.21 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, $165,000,000 in Minneapolis/St. Paul in the year 1985 would cost $451,390,654.21 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
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Buying power of $165,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $165,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$165,000,000.003.78%
1986$167,158,878.501.31%
1987$172,093,457.942.95%
1988$180,728,971.965.02%
1989$188,130,841.124.10%
1990$195,841,121.504.10%
1991$201,084,112.152.68%
1992$208,177,570.093.53%
1993$214,654,205.613.11%
1994$221,439,252.343.16%
1995$226,682,242.992.37%
1996$234,238,317.763.33%
1997$239,635,514.022.30%
1998$244,107,476.641.87%
1999$251,817,757.013.16%
2000$262,303,738.324.16%
2001$272,172,897.203.76%
2002$276,953,271.031.76%
2003$281,733,644.861.73%
2004$289,752,336.452.85%
2005$297,771,028.042.77%
2006$302,551,401.871.61%
2007$310,334,158.882.57%
2008$322,224,953.273.83%
2009$320,576,495.33-0.51%
2010$326,496,448.601.85%
2011$338,233,037.383.59%
2012$346,128,364.492.33%
2013$352,839,392.521.94%
2014$357,777,056.071.40%
2015$355,547,242.99-0.62%
2016$361,064,719.631.55%
2017$368,919,953.272.18%
2018$377,755,934.582.40%
2019$385,677,476.642.10%
2020$390,135,560.751.16%
2021$409,021,121.504.84%
2022$439,498,317.767.45%
2023$451,390,654.212.71%*

* 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 * $165,000,000 = $451,390,654.21

Therefore, according to U.S. Bureau of Labor Statistics, $165,000,000 in 1985 has the same "purchasing power" as $451,390,654.21 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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