Minneapolis/St. Paul, Minnesota prices: $88,000,000 in 1985 $246,607,252.34 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($88,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $158,607,252.34 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, $88,000,000 in Minneapolis/St. Paul in the year 1985 would cost $246,607,252.34 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
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Buying power of $88,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $88,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$88,000,000.003.78%
1986$89,151,401.871.31%
1987$91,783,177.572.95%
1988$96,388,785.055.02%
1989$100,336,448.604.10%
1990$104,448,598.134.10%
1991$107,244,859.812.68%
1992$111,028,037.383.53%
1993$114,482,242.993.11%
1994$118,100,934.583.16%
1995$120,897,196.262.37%
1996$124,927,102.803.33%
1997$127,805,607.482.30%
1998$130,190,654.211.87%
1999$134,302,803.743.16%
2000$139,895,327.104.16%
2001$145,158,878.503.76%
2002$147,708,411.211.76%
2003$150,257,943.931.73%
2004$154,534,579.442.85%
2005$158,811,214.952.77%
2006$161,360,747.661.61%
2007$165,511,551.402.57%
2008$171,853,308.413.83%
2009$170,974,130.84-0.51%
2010$174,131,439.251.85%
2011$180,390,953.273.59%
2012$184,601,794.392.33%
2013$188,181,009.351.94%
2014$190,814,429.911.40%
2015$189,625,196.26-0.62%
2016$192,567,850.471.55%
2017$196,757,308.412.18%
2018$201,469,831.782.40%
2019$205,694,654.212.10%
2020$208,072,299.071.16%
2021$218,144,598.134.84%
2022$234,399,102.807.45%
2023$240,741,682.242.71%
2024$246,607,252.342.44%*

* 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 * $88,000,000 = $246,607,252.34

Therefore, according to U.S. Bureau of Labor Statistics, $88,000,000 in 1985 has the same "purchasing power" as $246,607,252.34 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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