Minneapolis/St. Paul, Minnesota prices: $26,900,000 in 1985 $75,383,353.27 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($26,900,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $48,483,353.27 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, $26,900,000 in Minneapolis/St. Paul in the year 1985 would cost $75,383,353.27 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 $26,900,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $26,900,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$26,900,000.003.78%
1986$27,251,962.621.31%
1987$28,056,448.602.95%
1988$29,464,299.075.02%
1989$30,671,028.044.10%
1990$31,928,037.384.10%
1991$32,782,803.742.68%
1992$33,939,252.343.53%
1993$34,995,140.193.11%
1994$36,101,308.413.16%
1995$36,956,074.772.37%
1996$38,187,943.933.33%
1997$39,067,850.472.30%
1998$39,796,915.891.87%
1999$41,053,925.233.16%
2000$42,763,457.944.16%
2001$44,372,429.913.76%
2002$45,151,775.701.76%
2003$45,931,121.501.73%
2004$47,238,411.212.85%
2005$48,545,700.932.77%
2006$49,325,046.731.61%
2007$50,593,871.962.57%
2008$52,532,431.783.83%
2009$52,263,683.18-0.51%
2010$53,228,814.951.85%
2011$55,142,234.583.59%
2012$56,429,412.152.33%
2013$57,523,513.081.94%
2014$58,328,501.871.40%
2015$57,964,974.77-0.62%
2016$58,864,490.651.55%
2017$60,145,131.782.18%
2018$61,585,664.492.40%
2019$62,877,115.892.10%
2020$63,603,918.691.16%
2021$66,682,837.384.84%
2022$71,651,543.937.45%
2023$73,590,355.142.71%
2024$75,383,353.272.44%*

* 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 * $26,900,000 = $75,383,353.27

Therefore, according to U.S. Bureau of Labor Statistics, $26,900,000 in 1985 has the same "purchasing power" as $75,383,353.27 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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