Minneapolis/St. Paul, Minnesota prices: $78,000,000 in 1985 $213,384,672.90 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($78,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $135,384,672.90 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, $78,000,000 in Minneapolis/St. Paul in the year 1985 would cost $213,384,672.90 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 $78,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $78,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$78,000,000.003.78%
1986$79,020,560.751.31%
1987$81,353,271.032.95%
1988$85,435,514.025.02%
1989$88,934,579.444.10%
1990$92,579,439.254.10%
1991$95,057,943.932.68%
1992$98,411,214.953.53%
1993$101,472,897.203.11%
1994$104,680,373.833.16%
1995$107,158,878.502.37%
1996$110,730,841.123.33%
1997$113,282,242.992.30%
1998$115,396,261.681.87%
1999$119,041,121.503.16%
2000$123,998,130.844.16%
2001$128,663,551.403.76%
2002$130,923,364.491.76%
2003$133,183,177.571.73%
2004$136,973,831.782.85%
2005$140,764,485.982.77%
2006$143,024,299.071.61%
2007$146,703,420.562.57%
2008$152,324,523.363.83%
2009$151,545,252.34-0.51%
2010$154,343,775.701.85%
2011$159,891,981.313.59%
2012$163,624,317.762.33%
2013$166,796,803.741.94%
2014$169,130,971.961.40%
2015$168,076,878.50-0.62%
2016$170,685,140.191.55%
2017$174,398,523.362.18%
2018$178,575,532.712.40%
2019$182,320,261.682.10%
2020$184,427,719.631.16%
2021$193,355,439.254.84%
2022$207,762,841.127.45%
2023$213,384,672.902.71%*

* 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 * $78,000,000 = $213,384,672.90

Therefore, according to U.S. Bureau of Labor Statistics, $78,000,000 in 1985 has the same "purchasing power" as $213,384,672.90 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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