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.
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:
Year | USD Value | Inflation Rate |
---|---|---|
1985 | $43,000,000.00 | 3.78% |
1986 | $43,562,616.82 | 1.31% |
1987 | $44,848,598.13 | 2.95% |
1988 | $47,099,065.42 | 5.02% |
1989 | $49,028,037.38 | 4.10% |
1990 | $51,037,383.18 | 4.10% |
1991 | $52,403,738.32 | 2.68% |
1992 | $54,252,336.45 | 3.53% |
1993 | $55,940,186.92 | 3.11% |
1994 | $57,708,411.21 | 3.16% |
1995 | $59,074,766.36 | 2.37% |
1996 | $61,043,925.23 | 3.33% |
1997 | $62,450,467.29 | 2.30% |
1998 | $63,615,887.85 | 1.87% |
1999 | $65,625,233.64 | 3.16% |
2000 | $68,357,943.93 | 4.16% |
2001 | $70,929,906.54 | 3.76% |
2002 | $72,175,700.93 | 1.76% |
2003 | $73,421,495.33 | 1.73% |
2004 | $75,511,214.95 | 2.85% |
2005 | $77,600,934.58 | 2.77% |
2006 | $78,846,728.97 | 1.61% |
2007 | $80,874,962.62 | 2.57% |
2008 | $83,973,775.70 | 3.83% |
2009 | $83,544,177.57 | -0.51% |
2010 | $85,086,953.27 | 1.85% |
2011 | $88,145,579.44 | 3.59% |
2012 | $90,203,149.53 | 2.33% |
2013 | $91,952,084.11 | 1.94% |
2014 | $93,238,869.16 | 1.40% |
2015 | $92,657,766.36 | -0.62% |
2016 | $94,095,654.21 | 1.55% |
2017 | $96,142,775.70 | 2.18% |
2018 | $98,445,485.98 | 2.40% |
2019 | $100,509,887.85 | 2.10% |
2020 | $101,671,691.59 | 1.16% |
2021 | $106,593,383.18 | 4.84% |
2022 | $114,535,925.23 | 7.45% |
2023 | $117,635,140.19 | 2.71%* |
* 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:
Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 103.100 | 107.000 | 108.400 | 111.600 | 117.200 | 122.000 | 127.000 | 130.400 | 135.000 | 139.200 | 143.600 | 147.000 | 151.900 | 155.400 | 158.300 | 163.300 | 170.100 | 176.500 | 179.600 | 182.700 | 187.900 | 193.100 | 196.200 | 201.247 | 208.958 | 207.889 | 211.728 | 219.339 | 224.459 | 228.811 | 232.013 | 230.567 | 234.145 | 239.239 | 244.969 | 250.106 | 252.997 | 265.244 | 285.008 | 292.720 |