Minneapolis/St. Paul, Minnesota prices: $53,500,000 in 1985 $149,926,000 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($53,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $96,426,000 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, $53,500,000 in Minneapolis/St. Paul in the year 1985 would cost $149,926,000 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
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Milk · Bananas · Food · New cars · More

Buying power of $53,500,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $53,500,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$53,500,000.003.78%
1986$54,200,000.001.31%
1987$55,800,000.002.95%
1988$58,600,000.005.02%
1989$61,000,000.004.10%
1990$63,500,000.004.10%
1991$65,200,000.002.68%
1992$67,500,000.003.53%
1993$69,600,000.003.11%
1994$71,800,000.003.16%
1995$73,500,000.002.37%
1996$75,950,000.003.33%
1997$77,700,000.002.30%
1998$79,150,000.001.87%
1999$81,650,000.003.16%
2000$85,050,000.004.16%
2001$88,250,000.003.76%
2002$89,800,000.001.76%
2003$91,350,000.001.73%
2004$93,950,000.002.85%
2005$96,550,000.002.77%
2006$98,100,000.001.61%
2007$100,623,500.002.57%
2008$104,479,000.003.83%
2009$103,944,500.00-0.51%
2010$105,864,000.001.85%
2011$109,669,500.003.59%
2012$112,229,500.002.33%
2013$114,405,500.001.94%
2014$116,006,500.001.40%
2015$115,283,500.00-0.62%
2016$117,072,500.001.55%
2017$119,619,500.002.18%
2018$122,484,500.002.40%
2019$125,053,000.002.10%
2020$126,498,500.001.16%
2021$132,622,000.004.84%
2022$142,504,000.007.45%
2023$146,360,000.002.71%
2024$149,926,000.002.44%*

* 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 * $53,500,000 = $149,926,000

Therefore, according to U.S. Bureau of Labor Statistics, $53,500,000 in 1985 has the same "purchasing power" as $149,926,000 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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