Minneapolis/St. Paul, Minnesota prices: $357,100,000 in 1985 $1,000,721,020.56 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($357,100,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $643,621,020.56 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, $357,100,000 in Minneapolis/St. Paul in the year 1985 would cost $1,000,721,020.56 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
Fish and seafood · Rent of primary residence · Fresh fruits · Gasoline (all types) · More

Buying power of $357,100,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $357,100,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$357,100,000.003.78%
1986$361,772,336.451.31%
1987$372,451,962.622.95%
1988$391,141,308.415.02%
1989$407,160,747.664.10%
1990$423,847,663.554.10%
1991$435,194,766.362.68%
1992$450,546,728.973.53%
1993$464,563,738.323.11%
1994$479,248,224.303.16%
1995$490,595,327.102.37%
1996$506,948,504.673.33%
1997$518,629,345.792.30%
1998$528,307,757.011.87%
1999$544,994,672.903.16%
2000$567,688,878.504.16%
2001$589,048,130.843.76%
2002$599,394,018.691.76%
2003$609,739,906.541.73%
2004$627,094,299.072.85%
2005$644,448,691.592.77%
2006$654,794,579.441.61%
2007$671,638,352.342.57%
2008$697,372,914.023.83%
2009$693,805,251.40-0.51%
2010$706,617,465.421.85%
2011$732,018,288.793.59%
2012$749,105,690.652.33%
2013$763,629,982.241.94%
2014$774,316,283.181.40%
2015$769,490,427.10-0.62%
2016$781,431,584.111.55%
2017$798,432,214.022.18%
2018$817,555,419.632.40%
2019$834,699,557.012.10%
2020$844,347,931.781.16%
2021$885,220,863.554.84%
2022$951,180,904.677.45%
2023$976,918,803.742.71%
2024$1,000,721,020.562.44%*

* 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 * $357,100,000 = $1,000,721,020.56

Therefore, according to U.S. Bureau of Labor Statistics, $357,100,000 in 1985 has the same "purchasing power" as $1,000,721,020.56 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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