Minneapolis/St. Paul, Minnesota prices: $357,100,000 in 1986 $964,301,771.22 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2023 ($357,100,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 170.04% higher in 2023 versus 1986 (a $607,201,771.22 difference in value).

Between 1986 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, $357,100,000 in Minneapolis/St. Paul in the year 1986 would cost $964,301,771.22 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1986: Pricing changed by 1.31%, which is below the average yearly change in Minneapolis/St. Paul during the 1986-2023 time period. Compared to inflation for all items in 1986 (1.90%), inflation in Minneapolis/St. Paul was lower.

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 $357,100,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $357,100,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$357,100,000.001.31%
1987$367,641,697.422.95%
1988$386,089,667.905.02%
1989$401,902,214.024.10%
1990$418,373,616.244.10%
1991$429,574,169.742.68%
1992$444,727,859.783.53%
1993$458,563,837.643.11%
1994$473,058,671.593.16%
1995$484,259,225.092.37%
1996$500,401,199.263.33%
1997$511,931,180.812.30%
1998$521,484,594.101.87%
1999$537,955,996.313.16%
2000$560,357,103.324.16%
2001$581,440,498.153.76%
2002$591,652,767.531.76%
2003$601,865,036.901.73%
2004$618,995,295.202.85%
2005$636,125,553.512.77%
2006$646,337,822.881.61%
2007$662,964,056.272.57%
2008$688,366,252.773.83%
2009$684,844,666.97-0.51%
2010$697,491,409.591.85%
2011$722,564,178.043.59%
2012$739,430,893.912.33%
2013$753,767,602.401.94%
2014$764,315,888.381.40%
2015$759,552,358.86-0.62%
2016$771,339,294.281.55%
2017$788,120,358.862.18%
2018$806,996,585.792.40%
2019$823,919,304.432.10%
2020$833,443,069.191.16%
2021$873,788,121.774.84%
2022$938,896,280.447.45%
2023$964,301,771.222.71%*

* 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 1986 * 1986 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 108.400 in the year 1986 and 292.720 in 2023:

292.720 / 108.400 * $357,100,000 = $964,301,771.22

Therefore, according to U.S. Bureau of Labor Statistics, $357,100,000 in 1986 has the same "purchasing power" as $964,301,771.22 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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