Minneapolis/St. Paul, Minnesota prices: $230,000,000 in 1985 $644,541,682.24 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($230,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $414,541,682.24 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, $230,000,000 in Minneapolis/St. Paul in the year 1985 would cost $644,541,682.24 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 $230,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $230,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$230,000,000.003.78%
1986$233,009,345.791.31%
1987$239,887,850.472.95%
1988$251,925,233.645.02%
1989$262,242,990.654.10%
1990$272,990,654.214.10%
1991$280,299,065.422.68%
1992$290,186,915.893.53%
1993$299,214,953.273.11%
1994$308,672,897.203.16%
1995$315,981,308.412.37%
1996$326,514,018.693.33%
1997$334,037,383.182.30%
1998$340,271,028.041.87%
1999$351,018,691.593.16%
2000$365,635,514.024.16%
2001$379,392,523.363.76%
2002$386,056,074.771.76%
2003$392,719,626.171.73%
2004$403,897,196.262.85%
2005$415,074,766.362.77%
2006$421,738,317.761.61%
2007$432,587,009.352.57%
2008$449,162,056.073.83%
2009$446,864,205.61-0.51%
2010$455,116,261.681.85%
2011$471,476,355.143.59%
2012$482,481,962.622.33%
2013$491,836,728.971.94%
2014$498,719,532.711.40%
2015$495,611,308.41-0.62%
2016$503,302,336.451.55%
2017$514,252,056.072.18%
2018$526,568,878.502.40%
2019$537,611,028.042.10%
2020$543,825,327.101.16%
2021$570,150,654.214.84%
2022$612,634,018.697.45%
2023$629,211,214.952.71%
2024$644,541,682.242.44%*

* 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 * $230,000,000 = $644,541,682.24

Therefore, according to U.S. Bureau of Labor Statistics, $230,000,000 in 1985 has the same "purchasing power" as $644,541,682.24 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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