Minneapolis/St. Paul, Minnesota prices: $38,107,822 in 1985 $106,791,650.86 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($38,107,822)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $68,683,828.86 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, $38,107,822 in Minneapolis/St. Paul in the year 1985 would cost $106,791,650.86 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 $38,107,822.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $38,107,822 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$38,107,822.003.78%
1986$38,606,429.021.31%
1987$39,746,102.202.95%
1988$41,740,530.275.02%
1989$43,450,040.044.10%
1990$45,230,779.384.10%
1991$46,441,682.142.68%
1992$48,079,962.343.53%
1993$49,575,783.393.11%
1994$51,142,834.013.16%
1995$52,353,736.772.37%
1996$54,098,861.333.33%
1997$55,345,378.872.30%
1998$56,378,207.691.87%
1999$58,158,947.033.16%
2000$60,580,752.544.16%
2001$62,860,098.913.76%
2002$63,964,157.301.76%
2003$65,068,215.701.73%
2004$66,920,184.612.85%
2005$68,772,153.532.77%
2006$69,876,211.931.61%
2007$71,673,690.222.57%
2008$74,419,946.443.83%
2009$74,039,224.37-0.51%
2010$75,406,476.041.85%
2011$78,117,117.473.59%
2012$79,940,594.562.33%
2013$81,490,550.091.94%
2014$82,630,935.571.40%
2015$82,115,945.75-0.62%
2016$83,390,242.821.55%
2017$85,204,460.072.18%
2018$87,245,187.362.40%
2019$89,074,718.962.10%
2020$90,104,342.451.16%
2021$94,466,085.414.84%
2022$101,504,991.897.45%
2023$104,251,604.262.71%
2024$106,791,650.862.44%*

* 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 * $38,107,822 = $106,791,650.86

Therefore, according to U.S. Bureau of Labor Statistics, $38,107,822 in 1985 has the same "purchasing power" as $106,791,650.86 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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