Minneapolis/St. Paul, Minnesota prices: $98,000,000 in 1985 $274,630,803.74 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($98,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $176,630,803.74 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, $98,000,000 in Minneapolis/St. Paul in the year 1985 would cost $274,630,803.74 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 $98,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $98,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$98,000,000.003.78%
1986$99,282,242.991.31%
1987$102,213,084.112.95%
1988$107,342,056.075.02%
1989$111,738,317.764.10%
1990$116,317,757.014.10%
1991$119,431,775.702.68%
1992$123,644,859.813.53%
1993$127,491,588.793.11%
1994$131,521,495.333.16%
1995$134,635,514.022.37%
1996$139,123,364.493.33%
1997$142,328,971.962.30%
1998$144,985,046.731.87%
1999$149,564,485.983.16%
2000$155,792,523.364.16%
2001$161,654,205.613.76%
2002$164,493,457.941.76%
2003$167,332,710.281.73%
2004$172,095,327.102.85%
2005$176,857,943.932.77%
2006$179,697,196.261.61%
2007$184,319,682.242.57%
2008$191,382,093.463.83%
2009$190,403,009.35-0.51%
2010$193,919,102.801.85%
2011$200,889,925.233.59%
2012$205,579,271.032.33%
2013$209,565,214.951.94%
2014$212,497,887.851.40%
2015$211,173,514.02-0.62%
2016$214,450,560.751.55%
2017$219,116,093.462.18%
2018$224,364,130.842.40%
2019$229,069,046.732.10%
2020$231,716,878.501.16%
2021$242,933,757.014.84%
2022$261,035,364.497.45%
2023$268,098,691.592.71%
2024$274,630,803.742.44%*

* 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 * $98,000,000 = $274,630,803.74

Therefore, according to U.S. Bureau of Labor Statistics, $98,000,000 in 1985 has the same "purchasing power" as $274,630,803.74 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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