Minneapolis/St. Paul, Minnesota prices: $104,000,000,000 in 1985 $291,444,934,579.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($104,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $187,444,934,579.44 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, $104,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $291,444,934,579.44 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%).

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Buying power of $104,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $104,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$104,000,000,000.003.78%
1986$105,360,747,663.551.31%
1987$108,471,028,037.382.95%
1988$113,914,018,691.595.02%
1989$118,579,439,252.344.10%
1990$123,439,252,336.454.10%
1991$126,743,925,233.642.68%
1992$131,214,953,271.033.53%
1993$135,297,196,261.683.11%
1994$139,573,831,775.703.16%
1995$142,878,504,672.902.37%
1996$147,641,121,495.333.33%
1997$151,042,990,654.212.30%
1998$153,861,682,242.991.87%
1999$158,721,495,327.103.16%
2000$165,330,841,121.504.16%
2001$171,551,401,869.163.76%
2002$174,564,485,981.311.76%
2003$177,577,570,093.461.73%
2004$182,631,775,700.932.85%
2005$187,685,981,308.412.77%
2006$190,699,065,420.561.61%
2007$195,604,560,747.662.57%
2008$203,099,364,485.983.83%
2009$202,060,336,448.60-0.51%
2010$205,791,700,934.581.85%
2011$213,189,308,411.223.59%
2012$218,165,757,009.352.33%
2013$222,395,738,317.761.94%
2014$225,507,962,616.821.40%
2015$224,102,504,672.90-0.62%
2016$227,580,186,915.891.55%
2017$232,531,364,485.982.18%
2018$238,100,710,280.372.40%
2019$243,093,682,242.992.10%
2020$245,903,626,168.221.16%
2021$257,807,252,336.454.84%
2022$277,017,121,495.337.45%
2023$284,512,897,196.262.71%
2024$291,444,934,579.442.44%*

* 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 * $104,000,000,000 = $291,444,934,579.44

Therefore, according to U.S. Bureau of Labor Statistics, $104,000,000,000 in 1985 has the same "purchasing power" as $291,444,934,579.44 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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