Minneapolis/St. Paul, Minnesota prices: $60,900,000 in 1985 $170,663,428.04 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($60,900,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $109,763,428.04 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, $60,900,000 in Minneapolis/St. Paul in the year 1985 would cost $170,663,428.04 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
Financial services · Fresh fruits · Bread · Housing · More

Buying power of $60,900,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $60,900,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$60,900,000.003.78%
1986$61,696,822.431.31%
1987$63,518,130.842.95%
1988$66,705,420.565.02%
1989$69,437,383.184.10%
1990$72,283,177.574.10%
1991$74,218,317.762.68%
1992$76,836,448.603.53%
1993$79,226,915.893.11%
1994$81,731,214.953.16%
1995$83,666,355.142.37%
1996$86,455,233.643.33%
1997$88,447,289.722.30%
1998$90,097,850.471.87%
1999$92,943,644.863.16%
2000$96,813,925.234.16%
2001$100,456,542.063.76%
2002$102,220,934.581.76%
2003$103,985,327.101.73%
2004$106,944,953.272.85%
2005$109,904,579.442.77%
2006$111,668,971.961.61%
2007$114,541,516.822.57%
2008$118,930,300.933.83%
2009$118,321,870.09-0.51%
2010$120,506,871.031.85%
2011$124,838,739.253.59%
2012$127,752,832.712.33%
2013$130,229,812.151.94%
2014$132,052,258.881.40%
2015$131,229,255.14-0.62%
2016$133,265,705.611.55%
2017$136,165,000.932.18%
2018$139,426,281.312.40%
2019$142,350,050.472.10%
2020$143,995,488.791.16%
2021$150,965,977.574.84%
2022$162,214,833.647.45%
2023$166,604,186.922.71%
2024$170,663,428.042.44%*

* 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 * $60,900,000 = $170,663,428.04

Therefore, according to U.S. Bureau of Labor Statistics, $60,900,000 in 1985 has the same "purchasing power" as $170,663,428.04 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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