Minneapolis/St. Paul, Minnesota prices: $9,762,500 in 1985 $27,357,992.06 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($9,762,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $17,595,492.06 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, $9,762,500 in Minneapolis/St. Paul in the year 1985 would cost $27,357,992.06 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
Minneapolis-St Paul, Minnesota · St Louis, Missouri · Frankfurters · Airline fares · More

Buying power of $9,762,500.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,762,500 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$9,762,500.003.78%
1986$9,890,233.641.31%
1987$10,182,196.262.95%
1988$10,693,130.845.02%
1989$11,131,074.774.10%
1990$11,587,266.364.10%
1991$11,897,476.642.68%
1992$12,317,172.903.53%
1993$12,700,373.833.11%
1994$13,101,822.433.16%
1995$13,412,032.712.37%
1996$13,859,100.473.33%
1997$14,178,434.582.30%
1998$14,443,025.701.87%
1999$14,899,217.293.16%
2000$15,519,637.854.16%
2001$16,103,563.083.76%
2002$16,386,401.871.76%
2003$16,669,240.651.73%
2004$17,143,679.912.85%
2005$17,618,119.162.77%
2006$17,900,957.941.61%
2007$18,361,437.732.57%
2008$19,064,976.403.83%
2009$18,967,442.64-0.51%
2010$19,317,706.541.85%
2011$20,012,121.383.59%
2012$20,479,261.572.33%
2013$20,876,330.721.94%
2014$21,168,475.821.40%
2015$21,036,545.21-0.62%
2016$21,362,995.911.55%
2017$21,827,763.902.18%
2018$22,350,559.462.40%
2019$22,819,250.702.10%
2020$23,083,020.681.16%
2021$24,200,416.364.84%
2022$26,003,650.477.45%
2023$26,707,280.372.71%
2024$27,357,992.062.44%*

* 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 * $9,762,500 = $27,357,992.06

Therefore, according to U.S. Bureau of Labor Statistics, $9,762,500 in 1985 has the same "purchasing power" as $27,357,992.06 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.

» Read more about inflation and investment.