Minneapolis/St. Paul, Minnesota prices: $33,140,000 in 1985 $92,870,049.35 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($33,140,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $59,730,049.35 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, $33,140,000 in Minneapolis/St. Paul in the year 1985 would cost $92,870,049.35 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 $33,140,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $33,140,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$33,140,000.003.78%
1986$33,573,607.481.31%
1987$34,564,710.282.95%
1988$36,299,140.195.02%
1989$37,785,794.394.10%
1990$39,334,392.524.10%
1991$40,387,439.252.68%
1992$41,812,149.533.53%
1993$43,112,971.963.11%
1994$44,475,738.323.16%
1995$45,528,785.052.37%
1996$47,046,411.213.33%
1997$48,130,429.912.30%
1998$49,028,616.821.87%
1999$50,577,214.953.16%
2000$52,683,308.414.16%
2001$54,665,514.023.76%
2002$55,625,644.861.76%
2003$56,585,775.701.73%
2004$58,196,317.762.85%
2005$59,806,859.812.77%
2006$60,766,990.651.61%
2007$62,330,145.612.57%
2008$64,718,393.643.83%
2009$64,387,303.36-0.51%
2010$65,576,317.011.85%
2011$67,933,593.083.59%
2012$69,519,357.572.33%
2013$70,867,257.381.94%
2014$71,858,979.631.40%
2015$71,411,125.05-0.62%
2016$72,519,301.871.55%
2017$74,097,013.642.18%
2018$75,871,707.102.40%
2019$77,462,736.822.10%
2020$78,358,136.261.16%
2021$82,151,272.524.84%
2022$88,272,571.217.45%
2023$90,661,128.972.71%
2024$92,870,049.352.44%*

* 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 * $33,140,000 = $92,870,049.35

Therefore, according to U.S. Bureau of Labor Statistics, $33,140,000 in 1985 has the same "purchasing power" as $92,870,049.35 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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