Minneapolis/St. Paul, Minnesota prices: $189,000,000 in 1985 $529,645,121.50 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($189,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $340,645,121.50 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, $189,000,000 in Minneapolis/St. Paul in the year 1985 would cost $529,645,121.50 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 $189,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $189,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$189,000,000.003.78%
1986$191,472,897.201.31%
1987$197,125,233.642.95%
1988$207,016,822.435.02%
1989$215,495,327.104.10%
1990$224,327,102.804.10%
1991$230,332,710.282.68%
1992$238,457,943.933.53%
1993$245,876,635.513.11%
1994$253,648,598.133.16%
1995$259,654,205.612.37%
1996$268,309,345.793.33%
1997$274,491,588.792.30%
1998$279,614,018.691.87%
1999$288,445,794.393.16%
2000$300,457,009.354.16%
2001$311,761,682.243.76%
2002$317,237,383.181.76%
2003$322,713,084.111.73%
2004$331,898,130.842.85%
2005$341,083,177.572.77%
2006$346,558,878.501.61%
2007$355,473,672.902.57%
2008$369,094,037.383.83%
2009$367,205,803.74-0.51%
2010$373,986,841.121.85%
2011$387,430,570.093.59%
2012$396,474,308.412.33%
2013$404,161,485.981.94%
2014$409,817,355.141.40%
2015$407,263,205.61-0.62%
2016$413,583,224.301.55%
2017$422,581,037.382.18%
2018$432,702,252.342.40%
2019$441,776,018.692.10%
2020$446,882,551.401.16%
2021$468,515,102.804.84%
2022$503,425,345.797.45%
2023$517,047,476.642.71%
2024$529,645,121.502.44%*

* 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 * $189,000,000 = $529,645,121.50

Therefore, according to U.S. Bureau of Labor Statistics, $189,000,000 in 1985 has the same "purchasing power" as $529,645,121.50 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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