Minneapolis/St. Paul, Minnesota prices: $134,000,000 in 1985 $366,583,925.23 in 2023

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2023 ($134,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $232,583,925.23 difference in value).

Between 1985 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $134,000,000 in Minneapolis/St. Paul in the year 1985 would cost $366,583,925.23 in 2023 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 1985-2023 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
St Louis, Missouri · Frankfurters · Detroit, Michigan · Dental services · More

Buying power of $134,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $134,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$134,000,000.003.78%
1986$135,753,271.031.31%
1987$139,760,747.662.95%
1988$146,773,831.785.02%
1989$152,785,046.734.10%
1990$159,046,728.974.10%
1991$163,304,672.902.68%
1992$169,065,420.563.53%
1993$174,325,233.643.11%
1994$179,835,514.023.16%
1995$184,093,457.942.37%
1996$190,229,906.543.33%
1997$194,613,084.112.30%
1998$198,244,859.811.87%
1999$204,506,542.063.16%
2000$213,022,429.914.16%
2001$221,037,383.183.76%
2002$224,919,626.171.76%
2003$228,801,869.161.73%
2004$235,314,018.692.85%
2005$241,826,168.222.77%
2006$245,708,411.211.61%
2007$252,028,953.272.57%
2008$261,685,719.633.83%
2009$260,346,971.96-0.51%
2010$265,154,691.591.85%
2011$274,686,224.303.59%
2012$281,098,186.922.33%
2013$286,548,355.141.94%
2014$290,558,336.451.40%
2015$288,747,457.94-0.62%
2016$293,228,317.761.55%
2017$299,607,719.632.18%
2018$306,783,607.482.40%
2019$313,216,859.812.10%
2020$316,837,364.491.16%
2021$332,174,728.974.84%
2022$356,925,906.547.45%
2023$366,583,925.232.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1985 * 1985 USD value = 2023 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 292.720 in 2023:

292.720 / 107.000 * $134,000,000 = $366,583,925.23

Therefore, according to U.S. Bureau of Labor Statistics, $134,000,000 in 1985 has the same "purchasing power" as $366,583,925.23 in 2023 (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.

» Read more about inflation and investment.