Minneapolis/St. Paul, Minnesota prices: $198,676,459 in 1985 $556,761,996.11 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($198,676,459)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $358,085,537.11 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, $198,676,459 in Minneapolis/St. Paul in the year 1985 would cost $556,761,996.11 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
Alcoholic beverages · Bananas · Medical care · Fish and seafood · More

Buying power of $198,676,459.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $198,676,459 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$198,676,459.003.78%
1986$201,275,964.071.31%
1987$207,217,689.952.95%
1988$217,615,710.235.02%
1989$226,528,299.054.10%
1990$235,812,245.734.10%
1991$242,125,329.472.68%
1992$250,666,560.423.53%
1993$258,465,075.633.11%
1994$266,634,948.713.16%
1995$272,948,032.462.37%
1996$282,046,300.213.33%
1997$288,545,062.882.30%
1998$293,929,751.961.87%
1999$303,213,698.643.16%
2000$315,839,866.134.16%
2001$327,723,317.883.76%
2002$333,479,364.831.76%
2003$339,235,411.771.73%
2004$348,890,716.322.85%
2005$358,546,020.872.77%
2006$364,302,067.811.61%
2007$373,673,283.592.57%
2008$387,990,986.173.83%
2009$386,006,078.36-0.51%
2010$393,134,292.631.85%
2011$407,266,316.273.59%
2012$416,773,077.672.33%
2013$424,853,824.861.94%
2014$430,799,264.321.40%
2015$428,114,346.94-0.62%
2016$434,757,939.181.55%
2017$444,216,424.062.18%
2018$454,855,826.962.40%
2019$464,394,153.782.10%
2020$469,762,131.751.16%
2021$492,502,230.764.84%
2022$529,199,815.207.45%
2023$543,519,374.572.71%
2024$556,761,996.112.44%*

* 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 * $198,676,459 = $556,761,996.11

Therefore, according to U.S. Bureau of Labor Statistics, $198,676,459 in 1985 has the same "purchasing power" as $556,761,996.11 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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