Minneapolis/St. Paul, Minnesota prices: $285,637,644 in 1985 $800,458,119.89 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($285,637,644)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $514,820,475.89 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, $285,637,644 in Minneapolis/St. Paul in the year 1985 would cost $800,458,119.89 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
New trucks · Wireless telephone services · Indoor plants and flowers · Televisions · More

Buying power of $285,637,644.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $285,637,644 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$285,637,644.003.78%
1986$289,374,958.971.31%
1987$297,917,393.182.95%
1988$312,866,653.055.02%
1989$325,680,304.374.10%
1990$339,027,857.834.10%
1991$348,104,194.182.68%
1992$360,383,943.363.53%
1993$371,595,888.273.11%
1994$383,341,735.313.16%
1995$392,418,071.662.37%
1996$405,498,674.053.33%
1997$414,841,961.472.30%
1998$422,583,542.481.87%
1999$435,931,095.943.16%
2000$454,083,768.644.16%
2001$471,168,637.073.76%
2002$479,444,120.211.76%
2003$487,719,603.351.73%
2004$501,601,058.952.85%
2005$515,482,514.552.77%
2006$523,757,997.691.61%
2007$537,231,018.152.57%
2008$557,815,615.093.83%
2009$554,961,908.16-0.51%
2010$565,210,159.711.85%
2011$585,527,805.583.59%
2012$599,195,700.322.33%
2013$610,813,410.851.94%
2014$619,361,184.091.40%
2015$615,501,071.63-0.62%
2016$625,052,580.881.55%
2017$638,651,068.352.18%
2018$653,947,364.612.40%
2019$667,660,641.032.10%
2020$675,378,196.441.16%
2021$708,071,693.884.84%
2022$760,831,903.197.45%
2023$781,419,169.642.71%
2024$800,458,119.892.44%*

* 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 * $285,637,644 = $800,458,119.89

Therefore, according to U.S. Bureau of Labor Statistics, $285,637,644 in 1985 has the same "purchasing power" as $800,458,119.89 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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