Minneapolis/St. Paul, Minnesota prices: $250,000,000 in 1985 $700,588,785.05 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($250,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $450,588,785.05 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, $250,000,000 in Minneapolis/St. Paul in the year 1985 would cost $700,588,785.05 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 $250,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $250,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$250,000,000.003.78%
1986$253,271,028.041.31%
1987$260,747,663.552.95%
1988$273,831,775.705.02%
1989$285,046,728.974.10%
1990$296,728,971.964.10%
1991$304,672,897.202.68%
1992$315,420,560.753.53%
1993$325,233,644.863.11%
1994$335,514,018.693.16%
1995$343,457,943.932.37%
1996$354,906,542.063.33%
1997$363,084,112.152.30%
1998$369,859,813.081.87%
1999$381,542,056.073.16%
2000$397,429,906.544.16%
2001$412,383,177.573.76%
2002$419,626,168.221.76%
2003$426,869,158.881.73%
2004$439,018,691.592.85%
2005$451,168,224.302.77%
2006$458,411,214.951.61%
2007$470,203,271.032.57%
2008$488,219,626.173.83%
2009$485,721,962.62-0.51%
2010$494,691,588.791.85%
2011$512,474,299.073.59%
2012$524,436,915.892.33%
2013$534,605,140.191.94%
2014$542,086,448.601.40%
2015$538,707,943.93-0.62%
2016$547,067,757.011.55%
2017$558,969,626.172.18%
2018$572,357,476.642.40%
2019$584,359,813.082.10%
2020$591,114,485.981.16%
2021$619,728,971.964.84%
2022$665,906,542.067.45%
2023$683,925,233.642.71%
2024$700,588,785.052.44%*

* 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 * $250,000,000 = $700,588,785.05

Therefore, according to U.S. Bureau of Labor Statistics, $250,000,000 in 1985 has the same "purchasing power" as $700,588,785.05 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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