Minneapolis/St. Paul, Minnesota prices: $44,200,000,000 in 1985 $120,917,981,308.41 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($44,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $76,717,981,308.41 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, $44,200,000,000 in Minneapolis/St. Paul in the year 1985 would cost $120,917,981,308.41 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 $44,200,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $44,200,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$44,200,000,000.003.78%
1986$44,778,317,757.011.31%
1987$46,100,186,915.892.95%
1988$48,413,457,943.935.02%
1989$50,396,261,682.244.10%
1990$52,461,682,242.994.10%
1991$53,866,168,224.302.68%
1992$55,766,355,140.193.53%
1993$57,501,308,411.213.11%
1994$59,318,878,504.673.16%
1995$60,723,364,485.982.37%
1996$62,747,476,635.513.33%
1997$64,193,271,028.042.30%
1998$65,391,214,953.271.87%
1999$67,456,635,514.023.16%
2000$70,265,607,476.644.16%
2001$72,909,345,794.393.76%
2002$74,189,906,542.061.76%
2003$75,470,467,289.721.73%
2004$77,618,504,672.902.85%
2005$79,766,542,056.072.77%
2006$81,047,102,803.741.61%
2007$83,131,938,317.762.57%
2008$86,317,229,906.543.83%
2009$85,875,642,990.65-0.51%
2010$87,461,472,897.201.85%
2011$90,605,456,074.773.59%
2012$92,720,446,728.972.33%
2013$94,518,188,785.051.94%
2014$95,840,884,112.151.40%
2015$95,243,564,485.98-0.62%
2016$96,721,579,439.251.55%
2017$98,825,829,906.542.18%
2018$101,192,801,869.162.40%
2019$103,314,814,953.272.10%
2020$104,509,041,121.501.16%
2021$109,568,082,242.994.84%
2022$117,732,276,635.517.45%
2023$120,917,981,308.412.71%*

* 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 * $44,200,000,000 = $120,917,981,308.41

Therefore, according to U.S. Bureau of Labor Statistics, $44,200,000,000 in 1985 has the same "purchasing power" as $120,917,981,308.41 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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