Minneapolis/St. Paul, Minnesota prices: $368,939,100 in 1985 $1,033,898,383.30 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($368,939,100)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $664,959,283.30 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, $368,939,100 in Minneapolis/St. Paul in the year 1985 would cost $1,033,898,383.30 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 $368,939,100.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $368,939,100 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$368,939,100.003.78%
1986$373,766,340.561.31%
1987$384,800,033.272.95%
1988$404,108,995.515.02%
1989$420,659,534.584.10%
1990$437,899,679.444.10%
1991$449,622,977.942.68%
1992$465,483,911.213.53%
1993$479,965,632.903.11%
1994$495,136,960.373.16%
1995$506,860,258.882.37%
1996$523,755,600.843.33%
1997$535,823,702.242.30%
1998$545,822,986.261.87%
1999$563,063,131.123.16%
2000$586,509,728.134.16%
2001$608,577,113.553.76%
2002$619,266,003.361.76%
2003$629,954,893.181.73%
2004$647,884,643.832.85%
2005$665,814,394.492.77%
2006$676,503,284.301.61%
2007$693,905,486.522.57%
2008$720,493,237.923.83%
2009$716,807,294.95-0.51%
2010$730,044,278.181.85%
2011$756,287,226.683.59%
2012$773,941,135.022.33%
2013$788,946,957.101.94%
2014$799,987,545.871.40%
2015$795,001,695.98-0.62%
2016$807,338,743.641.55%
2017$824,903,003.222.18%
2018$844,660,209.232.40%
2019$862,372,734.062.10%
2020$872,340,985.821.16%
2021$914,568,996.644.84%
2022$982,715,841.247.45%
2023$1,009,307,040.672.71%
2024$1,033,898,383.302.44%*

* 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 * $368,939,100 = $1,033,898,383.30

Therefore, according to U.S. Bureau of Labor Statistics, $368,939,100 in 1985 has the same "purchasing power" as $1,033,898,383.30 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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