Minneapolis/St. Paul, Minnesota prices: $270,000,000 in 1985 $756,635,887.85 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($270,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $486,635,887.85 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, $270,000,000 in Minneapolis/St. Paul in the year 1985 would cost $756,635,887.85 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
Food · New cars · Televisions · Bread · More

Buying power of $270,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $270,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$270,000,000.003.78%
1986$273,532,710.281.31%
1987$281,607,476.642.95%
1988$295,738,317.765.02%
1989$307,850,467.294.10%
1990$320,467,289.724.10%
1991$329,046,728.972.68%
1992$340,654,205.613.53%
1993$351,252,336.453.11%
1994$362,355,140.193.16%
1995$370,934,579.442.37%
1996$383,299,065.423.33%
1997$392,130,841.122.30%
1998$399,448,598.131.87%
1999$412,065,420.563.16%
2000$429,224,299.074.16%
2001$445,373,831.783.76%
2002$453,196,261.681.76%
2003$461,018,691.591.73%
2004$474,140,186.922.85%
2005$487,261,682.242.77%
2006$495,084,112.151.61%
2007$507,819,532.712.57%
2008$527,277,196.263.83%
2009$524,579,719.63-0.51%
2010$534,266,915.891.85%
2011$553,472,242.993.59%
2012$566,391,869.162.33%
2013$577,373,551.401.94%
2014$585,453,364.491.40%
2015$581,804,579.44-0.62%
2016$590,833,177.571.55%
2017$603,687,196.262.18%
2018$618,146,074.772.40%
2019$631,108,598.132.10%
2020$638,403,644.861.16%
2021$669,307,289.724.84%
2022$719,179,065.427.45%
2023$738,639,252.342.71%
2024$756,635,887.852.44%*

* 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 * $270,000,000 = $756,635,887.85

Therefore, according to U.S. Bureau of Labor Statistics, $270,000,000 in 1985 has the same "purchasing power" as $756,635,887.85 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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