Minneapolis/St. Paul, Minnesota prices: $175,000,000 in 1985 $490,412,149.53 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($175,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $315,412,149.53 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, $175,000,000 in Minneapolis/St. Paul in the year 1985 would cost $490,412,149.53 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
Food · Wireless telephone services · Fish and seafood · Milk · More

Buying power of $175,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $175,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$175,000,000.003.78%
1986$177,289,719.631.31%
1987$182,523,364.492.95%
1988$191,682,242.995.02%
1989$199,532,710.284.10%
1990$207,710,280.374.10%
1991$213,271,028.042.68%
1992$220,794,392.523.53%
1993$227,663,551.403.11%
1994$234,859,813.083.16%
1995$240,420,560.752.37%
1996$248,434,579.443.33%
1997$254,158,878.502.30%
1998$258,901,869.161.87%
1999$267,079,439.253.16%
2000$278,200,934.584.16%
2001$288,668,224.303.76%
2002$293,738,317.761.76%
2003$298,808,411.211.73%
2004$307,313,084.112.85%
2005$315,817,757.012.77%
2006$320,887,850.471.61%
2007$329,142,289.722.57%
2008$341,753,738.323.83%
2009$340,005,373.83-0.51%
2010$346,284,112.151.85%
2011$358,732,009.353.59%
2012$367,105,841.122.33%
2013$374,223,598.131.94%
2014$379,460,514.021.40%
2015$377,095,560.75-0.62%
2016$382,947,429.911.55%
2017$391,278,738.322.18%
2018$400,650,233.642.40%
2019$409,051,869.162.10%
2020$413,780,140.191.16%
2021$433,810,280.374.84%
2022$466,134,579.447.45%
2023$478,747,663.552.71%
2024$490,412,149.532.44%*

* 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 * $175,000,000 = $490,412,149.53

Therefore, according to U.S. Bureau of Labor Statistics, $175,000,000 in 1985 has the same "purchasing power" as $490,412,149.53 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.