Minneapolis/St. Paul, Minnesota prices: $41,410,568 in 1985 $116,047,118.09 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($41,410,568)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $74,636,550.09 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, $41,410,568 in Minneapolis/St. Paul in the year 1985 would cost $116,047,118.09 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 $41,410,568.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $41,410,568 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$41,410,568.003.78%
1986$41,952,388.521.31%
1987$43,190,835.412.95%
1988$45,358,117.475.02%
1989$47,215,787.814.10%
1990$49,150,861.084.10%
1991$50,466,710.912.68%
1992$52,246,978.323.53%
1993$53,872,439.873.11%
1994$55,575,304.343.16%
1995$56,891,154.172.37%
1996$58,787,525.973.33%
1997$60,142,077.262.30%
1998$61,264,419.761.87%
1999$63,199,493.033.16%
2000$65,831,192.684.16%
2001$68,308,086.473.76%
2002$69,507,831.901.76%
2003$70,707,577.321.73%
2004$72,720,053.532.85%
2005$74,732,529.732.77%
2006$75,932,275.161.61%
2007$77,885,538.112.57%
2008$80,869,808.113.83%
2009$80,456,089.45-0.51%
2010$81,941,838.711.85%
2011$84,887,407.243.59%
2012$86,868,922.272.33%
2013$88,553,210.041.94%
2014$89,792,430.971.40%
2015$89,232,807.78-0.62%
2016$90,617,546.211.55%
2017$92,588,998.862.18%
2018$94,806,592.832.40%
2019$96,794,687.102.10%
2020$97,913,546.471.16%
2021$102,653,314.944.84%
2022$110,302,272.577.45%
2023$113,286,929.582.71%
2024$116,047,118.092.44%*

* 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 * $41,410,568 = $116,047,118.09

Therefore, according to U.S. Bureau of Labor Statistics, $41,410,568 in 1985 has the same "purchasing power" as $116,047,118.09 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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