Minneapolis/St. Paul, Minnesota prices: $45,000,000 in 1985 $126,105,981.31 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($45,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $81,105,981.31 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, $45,000,000 in Minneapolis/St. Paul in the year 1985 would cost $126,105,981.31 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
Medical care · Fish and seafood · Bananas · Gasoline (all types) · More

Buying power of $45,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $45,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$45,000,000.003.78%
1986$45,588,785.051.31%
1987$46,934,579.442.95%
1988$49,289,719.635.02%
1989$51,308,411.214.10%
1990$53,411,214.954.10%
1991$54,841,121.502.68%
1992$56,775,700.933.53%
1993$58,542,056.073.11%
1994$60,392,523.363.16%
1995$61,822,429.912.37%
1996$63,883,177.573.33%
1997$65,355,140.192.30%
1998$66,574,766.361.87%
1999$68,677,570.093.16%
2000$71,537,383.184.16%
2001$74,228,971.963.76%
2002$75,532,710.281.76%
2003$76,836,448.601.73%
2004$79,023,364.492.85%
2005$81,210,280.372.77%
2006$82,514,018.691.61%
2007$84,636,588.792.57%
2008$87,879,532.713.83%
2009$87,429,953.27-0.51%
2010$89,044,485.981.85%
2011$92,245,373.833.59%
2012$94,398,644.862.33%
2013$96,228,925.231.94%
2014$97,575,560.751.40%
2015$96,967,429.91-0.62%
2016$98,472,196.261.55%
2017$100,614,532.712.18%
2018$103,024,345.792.40%
2019$105,184,766.362.10%
2020$106,400,607.481.16%
2021$111,551,214.954.84%
2022$119,863,177.577.45%
2023$123,106,542.062.71%
2024$126,105,981.312.44%*

* 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 * $45,000,000 = $126,105,981.31

Therefore, according to U.S. Bureau of Labor Statistics, $45,000,000 in 1985 has the same "purchasing power" as $126,105,981.31 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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