Minneapolis/St. Paul, Minnesota prices: $87,000,000 in 1985 $243,804,897.20 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($87,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $156,804,897.20 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, $87,000,000 in Minneapolis/St. Paul in the year 1985 would cost $243,804,897.20 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 · Minneapolis-St Paul, Minnesota · Legal services · Alcoholic beverages · More

Buying power of $87,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $87,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$87,000,000.003.78%
1986$88,138,317.761.31%
1987$90,740,186.922.95%
1988$95,293,457.945.02%
1989$99,196,261.684.10%
1990$103,261,682.244.10%
1991$106,026,168.222.68%
1992$109,766,355.143.53%
1993$113,181,308.413.11%
1994$116,758,878.503.16%
1995$119,523,364.492.37%
1996$123,507,476.643.33%
1997$126,353,271.032.30%
1998$128,711,214.951.87%
1999$132,776,635.513.16%
2000$138,305,607.484.16%
2001$143,509,345.793.76%
2002$146,029,906.541.76%
2003$148,550,467.291.73%
2004$152,778,504.672.85%
2005$157,006,542.062.77%
2006$159,527,102.801.61%
2007$163,630,738.322.57%
2008$169,900,429.913.83%
2009$169,031,242.99-0.51%
2010$172,152,672.901.85%
2011$178,341,056.073.59%
2012$182,504,046.732.33%
2013$186,042,588.791.94%
2014$188,646,084.111.40%
2015$187,470,364.49-0.62%
2016$190,379,579.441.55%
2017$194,521,429.912.18%
2018$199,180,401.872.40%
2019$203,357,214.952.10%
2020$205,707,841.121.16%
2021$215,665,682.244.84%
2022$231,735,476.647.45%
2023$238,005,981.312.71%
2024$243,804,897.202.44%*

* 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 * $87,000,000 = $243,804,897.20

Therefore, according to U.S. Bureau of Labor Statistics, $87,000,000 in 1985 has the same "purchasing power" as $243,804,897.20 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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