Minneapolis/St. Paul, Minnesota prices: $50,000,000 in 1986 $138,308,118.08 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($50,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $88,308,118.08 difference in value).

Between 1986 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $50,000,000 in Minneapolis/St. Paul in the year 1986 would cost $138,308,118.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1986: Pricing changed by 1.31%, which is below the average yearly change in Minneapolis/St. Paul during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), inflation in Minneapolis/St. Paul was lower.

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 $50,000,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $50,000,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$50,000,000.001.31%
1987$51,476,014.762.95%
1988$54,059,040.595.02%
1989$56,273,062.734.10%
1990$58,579,335.794.10%
1991$60,147,601.482.68%
1992$62,269,372.693.53%
1993$64,206,642.073.11%
1994$66,236,162.363.16%
1995$67,804,428.042.37%
1996$70,064,575.653.33%
1997$71,678,966.792.30%
1998$73,016,605.171.87%
1999$75,322,878.233.16%
2000$78,459,409.594.16%
2001$81,411,439.113.76%
2002$82,841,328.411.76%
2003$84,271,217.711.73%
2004$86,669,741.702.85%
2005$89,068,265.682.77%
2006$90,498,154.981.61%
2007$92,826,107.012.57%
2008$96,382,841.333.83%
2009$95,889,760.15-0.51%
2010$97,660,516.611.85%
2011$101,171,125.463.59%
2012$103,532,749.082.33%
2013$105,540,129.151.94%
2014$107,017,066.421.40%
2015$106,350,092.25-0.62%
2016$108,000,461.251.55%
2017$110,350,092.252.18%
2018$112,993,081.182.40%
2019$115,362,546.132.10%
2020$116,696,033.211.16%
2021$122,345,018.454.84%
2022$131,461,254.617.45%
2023$135,018,450.182.71%
2024$138,308,118.082.44%*

* 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 1986 * 1986 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 108.400 in the year 1986 and 299.852 in 2024:

299.852 / 108.400 * $50,000,000 = $138,308,118.08

Therefore, according to U.S. Bureau of Labor Statistics, $50,000,000 in 1986 has the same "purchasing power" as $138,308,118.08 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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