Minneapolis/St. Paul, Minnesota prices: $44,900,000 in 1985 $125,825,745.79 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($44,900,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $80,925,745.79 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, $44,900,000 in Minneapolis/St. Paul in the year 1985 would cost $125,825,745.79 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
Educational books and supplies · Detroit, Michigan · Airline fares · New cars · More

Buying power of $44,900,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $44,900,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$44,900,000.003.78%
1986$45,487,476.641.31%
1987$46,830,280.372.95%
1988$49,180,186.925.02%
1989$51,194,392.524.10%
1990$53,292,523.364.10%
1991$54,719,252.342.68%
1992$56,649,532.713.53%
1993$58,411,962.623.11%
1994$60,258,317.763.16%
1995$61,685,046.732.37%
1996$63,741,214.953.33%
1997$65,209,906.542.30%
1998$66,426,822.431.87%
1999$68,524,953.273.16%
2000$71,378,411.214.16%
2001$74,064,018.693.76%
2002$75,364,859.811.76%
2003$76,665,700.931.73%
2004$78,847,757.012.85%
2005$81,029,813.082.77%
2006$82,330,654.211.61%
2007$84,448,507.482.57%
2008$87,684,244.863.83%
2009$87,235,664.49-0.51%
2010$88,846,609.351.85%
2011$92,040,384.113.59%
2012$94,188,870.092.33%
2013$96,015,083.181.94%
2014$97,358,726.171.40%
2015$96,751,946.73-0.62%
2016$98,253,369.161.55%
2017$100,390,944.862.18%
2018$102,795,402.802.40%
2019$104,951,022.432.10%
2020$106,164,161.681.16%
2021$111,303,323.364.84%
2022$119,596,814.957.45%
2023$122,832,971.962.71%
2024$125,825,745.792.44%*

* 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 * $44,900,000 = $125,825,745.79

Therefore, according to U.S. Bureau of Labor Statistics, $44,900,000 in 1985 has the same "purchasing power" as $125,825,745.79 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.

» Read more about inflation and investment.