Minneapolis/St. Paul, Minnesota prices: $5,467,500 in 1985 $15,321,876.73 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($5,467,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $9,854,376.73 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, $5,467,500 in Minneapolis/St. Paul in the year 1985 would cost $15,321,876.73 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%).

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Buying power of $5,467,500.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,467,500 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,467,500.003.78%
1986$5,539,037.381.31%
1987$5,702,551.402.95%
1988$5,988,700.935.02%
1989$6,233,971.964.10%
1990$6,489,462.624.10%
1991$6,663,196.262.68%
1992$6,898,247.663.53%
1993$7,112,859.813.11%
1994$7,337,691.593.16%
1995$7,511,425.232.37%
1996$7,761,806.073.33%
1997$7,940,649.532.30%
1998$8,088,834.111.87%
1999$8,344,324.773.16%
2000$8,691,792.064.16%
2001$9,018,820.093.76%
2002$9,177,224.301.76%
2003$9,335,628.501.73%
2004$9,601,338.792.85%
2005$9,867,049.072.77%
2006$10,025,453.271.61%
2007$10,283,345.542.57%
2008$10,677,363.223.83%
2009$10,622,739.32-0.51%
2010$10,818,905.051.85%
2011$11,207,812.923.59%
2012$11,469,435.352.33%
2013$11,691,814.421.94%
2014$11,855,430.631.40%
2015$11,781,542.73-0.62%
2016$11,964,371.851.55%
2017$12,224,665.722.18%
2018$12,517,458.012.40%
2019$12,779,949.112.10%
2020$12,927,673.811.16%
2021$13,553,472.624.84%
2022$14,563,376.077.45%
2023$14,957,444.862.71%
2024$15,321,876.732.44%*

* 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 * $5,467,500 = $15,321,876.73

Therefore, according to U.S. Bureau of Labor Statistics, $5,467,500 in 1985 has the same "purchasing power" as $15,321,876.73 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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