Minneapolis/St. Paul, Minnesota prices: $333,535,934 in 1985 $934,686,139.08 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($333,535,934)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $601,150,205.08 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, $333,535,934 in Minneapolis/St. Paul in the year 1985 would cost $934,686,139.08 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%).

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Buying power of $333,535,934.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $333,535,934 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$333,535,934.003.78%
1986$337,899,955.571.31%
1987$347,874,862.002.95%
1988$365,330,948.275.02%
1989$380,293,307.934.10%
1990$395,879,099.234.10%
1991$406,477,437.322.68%
1992$420,816,365.333.53%
1993$433,908,430.033.11%
1994$447,623,926.383.16%
1995$458,222,264.472.37%
1996$473,496,339.953.33%
1997$484,406,393.872.30%
1998$493,446,152.821.87%
1999$509,031,944.133.16%
2000$530,228,620.314.16%
2001$550,178,433.193.76%
2002$559,841,623.801.76%
2003$569,504,814.411.73%
2004$585,714,037.372.85%
2005$601,923,260.332.77%
2006$611,586,450.941.61%
2007$627,318,748.692.57%
2008$651,355,156.043.83%
2009$648,022,913.86-0.51%
2010$659,989,684.431.85%
2011$683,714,375.963.59%
2012$699,674,226.262.33%
2013$713,240,099.011.94%
2014$723,221,239.771.40%
2015$718,713,828.92-0.62%
2016$729,867,021.181.55%
2017$745,745,825.372.18%
2018$763,607,142.212.40%
2019$779,619,984.202.10%
2020$788,631,688.731.16%
2021$826,807,525.964.84%
2022$888,415,041.857.45%
2023$912,454,566.362.71%
2024$934,686,139.082.44%*

* 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 * $333,535,934 = $934,686,139.08

Therefore, according to U.S. Bureau of Labor Statistics, $333,535,934 in 1985 has the same "purchasing power" as $934,686,139.08 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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