Minneapolis/St. Paul, Minnesota prices: $222,000,000 in 1985 $622,122,841.12 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($222,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $400,122,841.12 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, $222,000,000 in Minneapolis/St. Paul in the year 1985 would cost $622,122,841.12 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 $222,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $222,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$222,000,000.003.78%
1986$224,904,672.901.31%
1987$231,543,925.232.95%
1988$243,162,616.825.02%
1989$253,121,495.334.10%
1990$263,495,327.104.10%
1991$270,549,532.712.68%
1992$280,093,457.943.53%
1993$288,807,476.643.11%
1994$297,936,448.603.16%
1995$304,990,654.212.37%
1996$315,157,009.353.33%
1997$322,418,691.592.30%
1998$328,435,514.021.87%
1999$338,809,345.793.16%
2000$352,917,757.014.16%
2001$366,196,261.683.76%
2002$372,628,037.381.76%
2003$379,059,813.081.73%
2004$389,848,598.132.85%
2005$400,637,383.182.77%
2006$407,069,158.881.61%
2007$417,540,504.672.57%
2008$433,539,028.043.83%
2009$431,321,102.80-0.51%
2010$439,286,130.841.85%
2011$455,077,177.573.59%
2012$465,699,981.312.33%
2013$474,729,364.491.94%
2014$481,372,766.361.40%
2015$478,372,654.21-0.62%
2016$485,796,168.221.55%
2017$496,365,028.042.18%
2018$508,253,439.252.40%
2019$518,911,514.022.10%
2020$524,909,663.551.16%
2021$550,319,327.104.84%
2022$591,325,009.357.45%
2023$607,325,607.482.71%
2024$622,122,841.122.44%*

* 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 * $222,000,000 = $622,122,841.12

Therefore, according to U.S. Bureau of Labor Statistics, $222,000,000 in 1985 has the same "purchasing power" as $622,122,841.12 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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