Minneapolis/St. Paul, Minnesota prices: $60,000,000 in 1986 $165,969,741.70 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($60,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $105,969,741.70 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, $60,000,000 in Minneapolis/St. Paul in the year 1986 would cost $165,969,741.70 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
Public transportation · Airline fares · Frankfurters · Bananas · More

Buying power of $60,000,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $60,000,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$60,000,000.001.31%
1987$61,771,217.712.95%
1988$64,870,848.715.02%
1989$67,527,675.284.10%
1990$70,295,202.954.10%
1991$72,177,121.772.68%
1992$74,723,247.233.53%
1993$77,047,970.483.11%
1994$79,483,394.833.16%
1995$81,365,313.652.37%
1996$84,077,490.773.33%
1997$86,014,760.152.30%
1998$87,619,926.201.87%
1999$90,387,453.873.16%
2000$94,151,291.514.16%
2001$97,693,726.943.76%
2002$99,409,594.101.76%
2003$101,125,461.251.73%
2004$104,003,690.042.85%
2005$106,881,918.822.77%
2006$108,597,785.981.61%
2007$111,391,328.412.57%
2008$115,659,409.593.83%
2009$115,067,712.18-0.51%
2010$117,192,619.931.85%
2011$121,405,350.553.59%
2012$124,239,298.892.33%
2013$126,648,154.981.94%
2014$128,420,479.701.40%
2015$127,620,110.70-0.62%
2016$129,600,553.511.55%
2017$132,420,110.702.18%
2018$135,591,697.422.40%
2019$138,435,055.352.10%
2020$140,035,239.851.16%
2021$146,814,022.144.84%
2022$157,753,505.547.45%
2023$162,022,140.222.71%
2024$165,969,741.702.44%*

* 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 * $60,000,000 = $165,969,741.70

Therefore, according to U.S. Bureau of Labor Statistics, $60,000,000 in 1986 has the same "purchasing power" as $165,969,741.70 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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