Minneapolis/St. Paul, Minnesota prices: $401,000,000 in 1985 $1,123,744,411.21 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($401,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $722,744,411.21 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, $401,000,000 in Minneapolis/St. Paul in the year 1985 would cost $1,123,744,411.21 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
College tuition and fees · Bananas · New cars · Rent of primary residence · More

Buying power of $401,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $401,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$401,000,000.003.78%
1986$406,246,728.971.31%
1987$418,239,252.342.95%
1988$439,226,168.225.02%
1989$457,214,953.274.10%
1990$475,953,271.034.10%
1991$488,695,327.102.68%
1992$505,934,579.443.53%
1993$521,674,766.363.11%
1994$538,164,485.983.16%
1995$550,906,542.062.37%
1996$569,270,093.463.33%
1997$582,386,915.892.30%
1998$593,255,140.191.87%
1999$611,993,457.943.16%
2000$637,477,570.094.16%
2001$661,462,616.823.76%
2002$673,080,373.831.76%
2003$684,698,130.841.73%
2004$704,185,981.312.85%
2005$723,673,831.782.77%
2006$735,291,588.791.61%
2007$754,206,046.732.57%
2008$783,104,280.373.83%
2009$779,098,028.04-0.51%
2010$793,485,308.411.85%
2011$822,008,775.703.59%
2012$841,196,813.082.33%
2013$857,506,644.861.94%
2014$869,506,663.551.40%
2015$864,087,542.06-0.62%
2016$877,496,682.241.55%
2017$896,587,280.372.18%
2018$918,061,392.522.40%
2019$937,313,140.192.10%
2020$948,147,635.511.16%
2021$994,045,271.034.84%
2022$1,068,114,093.467.45%
2023$1,097,016,074.772.71%
2024$1,123,744,411.212.44%*

* 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 * $401,000,000 = $1,123,744,411.21

Therefore, according to U.S. Bureau of Labor Statistics, $401,000,000 in 1985 has the same "purchasing power" as $1,123,744,411.21 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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