Minneapolis/St. Paul, Minnesota prices: $41,059,405 in 1985 $115,063,034.65 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($41,059,405)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $74,003,629.65 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, $41,059,405 in Minneapolis/St. Paul in the year 1985 would cost $115,063,034.65 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 $41,059,405.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $41,059,405 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$41,059,405.003.78%
1986$41,596,630.861.31%
1987$42,824,575.682.95%
1988$44,973,479.125.02%
1989$46,815,396.364.10%
1990$48,734,060.144.10%
1991$50,038,751.512.68%
1992$51,803,922.203.53%
1993$53,415,599.783.11%
1994$55,104,023.913.16%
1995$56,408,715.282.37%
1996$58,289,005.793.33%
1997$59,632,070.442.30%
1998$60,744,895.431.87%
1999$62,663,559.223.16%
2000$65,272,941.974.16%
2001$67,728,831.613.76%
2002$68,918,403.161.76%
2003$70,107,974.711.73%
2004$72,103,385.042.85%
2005$74,098,795.382.77%
2006$75,288,366.931.61%
2007$77,225,066.152.57%
2008$80,184,029.443.83%
2009$79,773,819.12-0.51%
2010$81,246,969.181.85%
2011$84,167,559.193.59%
2012$86,132,270.912.33%
2013$87,802,275.861.94%
2014$89,030,988.151.40%
2015$88,476,110.59-0.62%
2016$89,849,106.391.55%
2017$91,803,841.052.18%
2018$94,002,629.752.40%
2019$95,973,864.922.10%
2020$97,083,236.331.16%
2021$101,782,811.404.84%
2022$109,366,905.617.45%
2023$112,326,252.632.71%
2024$115,063,034.652.44%*

* 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 * $41,059,405 = $115,063,034.65

Therefore, according to U.S. Bureau of Labor Statistics, $41,059,405 in 1985 has the same "purchasing power" as $115,063,034.65 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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