Minneapolis/St. Paul, Minnesota prices: $9,491,180.03 in 1985 $26,597,657.14 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($9,491,180.03)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $17,106,477.11 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, $9,491,180.03 in Minneapolis/St. Paul in the year 1985 would cost $26,597,657.14 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
New cars · Juices and nonalcoholic drinks · New trucks · Admission to sporting events · More

Buying power of $9,491,180.03 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,491,180.03 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$9,491,180.033.78%
1986$9,615,363.691.31%
1987$9,899,212.072.95%
1988$10,395,946.725.02%
1989$10,821,719.294.10%
1990$11,265,232.374.10%
1991$11,566,821.272.68%
1992$11,974,853.313.53%
1993$12,347,404.303.11%
1994$12,737,695.823.16%
1995$13,039,284.712.37%
1996$13,473,927.543.33%
1997$13,784,386.702.30%
1998$14,041,624.291.87%
1999$14,485,137.373.16%
2000$15,088,315.174.16%
2001$15,656,011.923.76%
2002$15,930,990.031.76%
2003$16,205,968.141.73%
2004$16,667,221.752.85%
2005$17,128,475.362.77%
2006$17,403,453.481.61%
2007$17,851,135.582.57%
2008$18,535,121.463.83%
2009$18,440,298.37-0.51%
2010$18,780,827.711.85%
2011$19,455,943.333.59%
2012$19,910,100.732.33%
2013$20,296,134.521.94%
2014$20,580,160.301.40%
2015$20,451,896.32-0.62%
2016$20,769,274.281.55%
2017$21,221,125.412.18%
2018$21,729,391.412.40%
2019$22,185,056.752.10%
2020$22,441,496.021.16%
2021$23,527,836.974.84%
2022$25,280,955.507.45%
2023$25,965,030.082.71%
2024$26,597,657.142.44%*

* 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 * $9,491,180.03 = $26,597,657.14

Therefore, according to U.S. Bureau of Labor Statistics, $9,491,180.03 in 1985 has the same "purchasing power" as $26,597,657.14 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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