Minneapolis/St. Paul, Minnesota prices: $42,000,000,000 in 1985 $114,899,439,252.34 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($42,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $72,899,439,252.34 difference in value).

Between 1985 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $42,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $114,899,439,252.34 in 2023 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 1985-2023 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 $42,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $42,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$42,000,000,000.003.78%
1986$42,549,532,710.281.31%
1987$43,805,607,476.642.95%
1988$46,003,738,317.765.02%
1989$47,887,850,467.294.10%
1990$49,850,467,289.724.10%
1991$51,185,046,728.972.68%
1992$52,990,654,205.613.53%
1993$54,639,252,336.453.11%
1994$56,366,355,140.193.16%
1995$57,700,934,579.442.37%
1996$59,624,299,065.423.33%
1997$60,998,130,841.122.30%
1998$62,136,448,598.131.87%
1999$64,099,065,420.563.16%
2000$66,768,224,299.074.16%
2001$69,280,373,831.783.76%
2002$70,497,196,261.681.76%
2003$71,714,018,691.591.73%
2004$73,755,140,186.922.85%
2005$75,796,261,682.242.77%
2006$77,013,084,112.151.61%
2007$78,994,149,532.712.57%
2008$82,020,897,196.263.83%
2009$81,601,289,719.63-0.51%
2010$83,108,186,915.891.85%
2011$86,095,682,242.993.59%
2012$88,105,401,869.162.33%
2013$89,813,663,551.401.94%
2014$91,070,523,364.491.40%
2015$90,502,934,579.44-0.62%
2016$91,907,383,177.571.55%
2017$93,906,897,196.262.18%
2018$96,156,056,074.772.40%
2019$98,172,448,598.132.10%
2020$99,307,233,644.861.16%
2021$104,114,467,289.724.84%
2022$111,872,299,065.427.45%
2023$114,899,439,252.342.71%*

* 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 1985 * 1985 USD value = 2023 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 292.720 in 2023:

292.720 / 107.000 * $42,000,000,000 = $114,899,439,252.34

Therefore, according to U.S. Bureau of Labor Statistics, $42,000,000,000 in 1985 has the same "purchasing power" as $114,899,439,252.34 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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