Minneapolis/St. Paul, Minnesota prices: $265,000,000 in 1985 $742,624,112.15 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($265,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $477,624,112.15 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, $265,000,000 in Minneapolis/St. Paul in the year 1985 would cost $742,624,112.15 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 $265,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $265,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$265,000,000.003.78%
1986$268,467,289.721.31%
1987$276,392,523.362.95%
1988$290,261,682.245.02%
1989$302,149,532.714.10%
1990$314,532,710.284.10%
1991$322,953,271.032.68%
1992$334,345,794.393.53%
1993$344,747,663.553.11%
1994$355,644,859.813.16%
1995$364,065,420.562.37%
1996$376,200,934.583.33%
1997$384,869,158.882.30%
1998$392,051,401.871.87%
1999$404,434,579.443.16%
2000$421,275,700.934.16%
2001$437,126,168.223.76%
2002$444,803,738.321.76%
2003$452,481,308.411.73%
2004$465,359,813.082.85%
2005$478,238,317.762.77%
2006$485,915,887.851.61%
2007$498,415,467.292.57%
2008$517,512,803.743.83%
2009$514,865,280.37-0.51%
2010$524,373,084.111.85%
2011$543,222,757.013.59%
2012$555,903,130.842.33%
2013$566,681,448.601.94%
2014$574,611,635.511.40%
2015$571,030,420.56-0.62%
2016$579,891,822.431.55%
2017$592,507,803.742.18%
2018$606,698,925.232.40%
2019$619,421,401.872.10%
2020$626,581,355.141.16%
2021$656,912,710.284.84%
2022$705,860,934.587.45%
2023$724,960,747.662.71%
2024$742,624,112.152.44%*

* 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 * $265,000,000 = $742,624,112.15

Therefore, according to U.S. Bureau of Labor Statistics, $265,000,000 in 1985 has the same "purchasing power" as $742,624,112.15 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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