Minneapolis/St. Paul, Minnesota prices: $10,100,000 in 1985 $28,303,786.92 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($10,100,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $18,203,786.92 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, $10,100,000 in Minneapolis/St. Paul in the year 1985 would cost $28,303,786.92 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
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Buying power of $10,100,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $10,100,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$10,100,000.003.78%
1986$10,232,149.531.31%
1987$10,534,205.612.95%
1988$11,062,803.745.02%
1989$11,515,887.854.10%
1990$11,987,850.474.10%
1991$12,308,785.052.68%
1992$12,742,990.653.53%
1993$13,139,439.253.11%
1994$13,554,766.363.16%
1995$13,875,700.932.37%
1996$14,338,224.303.33%
1997$14,668,598.132.30%
1998$14,942,336.451.87%
1999$15,414,299.073.16%
2000$16,056,168.224.16%
2001$16,660,280.373.76%
2002$16,952,897.201.76%
2003$17,245,514.021.73%
2004$17,736,355.142.85%
2005$18,227,196.262.77%
2006$18,519,813.081.61%
2007$18,996,212.152.57%
2008$19,724,072.903.83%
2009$19,623,167.29-0.51%
2010$19,985,540.191.85%
2011$20,703,961.683.59%
2012$21,187,251.402.33%
2013$21,598,047.661.94%
2014$21,900,292.521.40%
2015$21,763,800.93-0.62%
2016$22,101,537.381.55%
2017$22,582,372.902.18%
2018$23,123,242.062.40%
2019$23,608,136.452.10%
2020$23,881,025.231.16%
2021$25,037,050.474.84%
2022$26,902,624.307.45%
2023$27,630,579.442.71%
2024$28,303,786.922.44%*

* 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 * $10,100,000 = $28,303,786.92

Therefore, according to U.S. Bureau of Labor Statistics, $10,100,000 in 1985 has the same "purchasing power" as $28,303,786.92 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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