Minneapolis/St. Paul, Minnesota prices: $472,000,000 in 1985 $1,291,250,841.12 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($472,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $819,250,841.12 difference in value).

Between 1985 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $472,000,000 in Minneapolis/St. Paul in the year 1985 would cost $1,291,250,841.12 in 2023 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 1985-2023 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 $472,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $472,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$472,000,000.003.78%
1986$478,175,700.931.31%
1987$492,291,588.792.95%
1988$516,994,392.525.02%
1989$538,168,224.304.10%
1990$560,224,299.074.10%
1991$575,222,429.912.68%
1992$595,514,018.693.53%
1993$614,041,121.503.11%
1994$633,450,467.293.16%
1995$648,448,598.132.37%
1996$670,063,551.403.33%
1997$685,502,803.742.30%
1998$698,295,327.101.87%
1999$720,351,401.873.16%
2000$750,347,663.554.16%
2001$778,579,439.253.76%
2002$792,254,205.611.76%
2003$805,928,971.961.73%
2004$828,867,289.722.85%
2005$851,805,607.482.77%
2006$865,480,373.831.61%
2007$887,743,775.702.57%
2008$921,758,654.213.83%
2009$917,043,065.42-0.51%
2010$933,977,719.631.85%
2011$967,551,476.643.59%
2012$990,136,897.202.33%
2013$1,009,334,504.671.94%
2014$1,023,459,214.951.40%
2015$1,017,080,598.13-0.62%
2016$1,032,863,925.231.55%
2017$1,055,334,654.212.18%
2018$1,080,610,915.892.40%
2019$1,103,271,327.102.10%
2020$1,116,024,149.531.16%
2021$1,170,048,299.074.84%
2022$1,257,231,551.407.45%
2023$1,291,250,841.122.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1985 * 1985 USD value = 2023 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 292.720 in 2023:

292.720 / 107.000 * $472,000,000 = $1,291,250,841.12

Therefore, according to U.S. Bureau of Labor Statistics, $472,000,000 in 1985 has the same "purchasing power" as $1,291,250,841.12 in 2023 (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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