Minneapolis/St. Paul, Minnesota prices: $25,200,000 in 1985 $70,619,349.53 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($25,200,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $45,419,349.53 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, $25,200,000 in Minneapolis/St. Paul in the year 1985 would cost $70,619,349.53 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
Fresh fruits · Admission to sporting events · Food · New York · More

Buying power of $25,200,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $25,200,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$25,200,000.003.78%
1986$25,529,719.631.31%
1987$26,283,364.492.95%
1988$27,602,242.995.02%
1989$28,732,710.284.10%
1990$29,910,280.374.10%
1991$30,711,028.042.68%
1992$31,794,392.523.53%
1993$32,783,551.403.11%
1994$33,819,813.083.16%
1995$34,620,560.752.37%
1996$35,774,579.443.33%
1997$36,598,878.502.30%
1998$37,281,869.161.87%
1999$38,459,439.253.16%
2000$40,060,934.584.16%
2001$41,568,224.303.76%
2002$42,298,317.761.76%
2003$43,028,411.211.73%
2004$44,253,084.112.85%
2005$45,477,757.012.77%
2006$46,207,850.471.61%
2007$47,396,489.722.57%
2008$49,212,538.323.83%
2009$48,960,773.83-0.51%
2010$49,864,912.151.85%
2011$51,657,409.353.59%
2012$52,863,241.122.33%
2013$53,888,198.131.94%
2014$54,642,314.021.40%
2015$54,301,760.75-0.62%
2016$55,144,429.911.55%
2017$56,344,138.322.18%
2018$57,693,633.642.40%
2019$58,903,469.162.10%
2020$59,584,340.191.16%
2021$62,468,680.374.84%
2022$67,123,379.447.45%
2023$68,939,663.552.71%
2024$70,619,349.532.44%*

* 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 * $25,200,000 = $70,619,349.53

Therefore, according to U.S. Bureau of Labor Statistics, $25,200,000 in 1985 has the same "purchasing power" as $70,619,349.53 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.