Minneapolis/St. Paul, Minnesota prices: $1,000,000,000,000,000 in 1985 $2,802,355,140,186,916 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,000,000,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,802,355,140,186,915.75 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, $1,000,000,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $2,802,355,140,186,916 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 $1,000,000,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,000,000,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,000,000,000,000,000.003.78%
1986$1,013,084,112,149,533.001.31%
1987$1,042,990,654,205,607.382.95%
1988$1,095,327,102,803,738.385.02%
1989$1,140,186,915,887,850.504.10%
1990$1,186,915,887,850,467.254.10%
1991$1,218,691,588,785,046.752.68%
1992$1,261,682,242,990,654.253.53%
1993$1,300,934,579,439,252.253.11%
1994$1,342,056,074,766,355.253.16%
1995$1,373,831,775,700,934.502.37%
1996$1,419,626,168,224,299.003.33%
1997$1,452,336,448,598,131.002.30%
1998$1,479,439,252,336,448.751.87%
1999$1,526,168,224,299,065.503.16%
2000$1,589,719,626,168,224.254.16%
2001$1,649,532,710,280,373.753.76%
2002$1,678,504,672,897,196.251.76%
2003$1,707,476,635,514,018.501.73%
2004$1,756,074,766,355,140.252.85%
2005$1,804,672,897,196,261.752.77%
2006$1,833,644,859,813,083.751.61%
2007$1,880,813,084,112,149.502.57%
2008$1,952,878,504,672,897.253.83%
2009$1,942,887,850,467,290.00-0.51%
2010$1,978,766,355,140,186.501.85%
2011$2,049,897,196,261,682.503.59%
2012$2,097,747,663,551,401.502.33%
2013$2,138,420,560,747,663.251.94%
2014$2,168,345,794,392,523.251.40%
2015$2,154,831,775,700,934.50-0.62%
2016$2,188,271,028,037,383.001.55%
2017$2,235,878,504,672,897.252.18%
2018$2,289,429,906,542,056.002.40%
2019$2,337,439,252,336,448.502.10%
2020$2,364,457,943,925,233.501.16%
2021$2,478,915,887,850,467.504.84%
2022$2,663,626,168,224,299.007.45%
2023$2,735,700,934,579,439.502.71%
2024$2,802,355,140,186,916.002.44%*

* 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 * $1,000,000,000,000,000 = $2,802,355,140,186,916

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000,000,000,000 in 1985 has the same "purchasing power" as $2,802,355,140,186,916 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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