Minneapolis/St. Paul, Minnesota prices: $74,481,789 in 1985 $208,724,424.25 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($74,481,789)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $134,242,635.25 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, $74,481,789 in Minneapolis/St. Paul in the year 1985 would cost $208,724,424.25 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
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Buying power of $74,481,789.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $74,481,789 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$74,481,789.003.78%
1986$75,456,317.081.31%
1987$77,683,809.842.95%
1988$81,581,922.165.02%
1989$84,923,161.294.10%
1990$88,403,618.724.10%
1991$90,770,329.772.68%
1992$93,972,350.613.53%
1993$96,895,934.853.11%
1994$99,958,737.393.16%
1995$102,325,448.442.37%
1996$105,736,296.723.33%
1997$108,172,616.922.30%
1998$110,191,282.231.87%
1999$113,671,739.663.16%
2000$118,405,161.774.16%
2001$122,860,147.283.76%
2002$125,018,030.881.76%
2003$127,175,914.491.73%
2004$130,795,590.222.85%
2005$134,415,265.942.77%
2006$136,573,149.551.61%
2007$140,086,323.282.57%
2008$145,453,884.733.83%
2009$144,709,762.93-0.51%
2010$147,382,058.141.85%
2011$152,680,010.443.59%
2012$156,243,998.852.33%
2013$159,273,389.001.94%
2014$161,502,273.941.40%
2015$160,495,725.65-0.62%
2016$162,986,340.991.55%
2017$166,532,231.012.18%
2018$170,520,835.232.40%
2019$174,096,657.192.10%
2020$176,109,057.681.16%
2021$184,634,090.114.84%
2022$198,391,642.247.45%
2023$203,759,899.782.71%
2024$208,724,424.252.44%*

* 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 * $74,481,789 = $208,724,424.25

Therefore, according to U.S. Bureau of Labor Statistics, $74,481,789 in 1985 has the same "purchasing power" as $208,724,424.25 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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