Minneapolis/St. Paul, Minnesota prices: $43,000,000 in 1985 $117,635,140.19 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($43,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $74,635,140.19 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, $43,000,000 in Minneapolis/St. Paul in the year 1985 would cost $117,635,140.19 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
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Buying power of $43,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $43,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$43,000,000.003.78%
1986$43,562,616.821.31%
1987$44,848,598.132.95%
1988$47,099,065.425.02%
1989$49,028,037.384.10%
1990$51,037,383.184.10%
1991$52,403,738.322.68%
1992$54,252,336.453.53%
1993$55,940,186.923.11%
1994$57,708,411.213.16%
1995$59,074,766.362.37%
1996$61,043,925.233.33%
1997$62,450,467.292.30%
1998$63,615,887.851.87%
1999$65,625,233.643.16%
2000$68,357,943.934.16%
2001$70,929,906.543.76%
2002$72,175,700.931.76%
2003$73,421,495.331.73%
2004$75,511,214.952.85%
2005$77,600,934.582.77%
2006$78,846,728.971.61%
2007$80,874,962.622.57%
2008$83,973,775.703.83%
2009$83,544,177.57-0.51%
2010$85,086,953.271.85%
2011$88,145,579.443.59%
2012$90,203,149.532.33%
2013$91,952,084.111.94%
2014$93,238,869.161.40%
2015$92,657,766.36-0.62%
2016$94,095,654.211.55%
2017$96,142,775.702.18%
2018$98,445,485.982.40%
2019$100,509,887.852.10%
2020$101,671,691.591.16%
2021$106,593,383.184.84%
2022$114,535,925.237.45%
2023$117,635,140.192.71%*

* 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 * $43,000,000 = $117,635,140.19

Therefore, according to U.S. Bureau of Labor Statistics, $43,000,000 in 1985 has the same "purchasing power" as $117,635,140.19 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.

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