Minneapolis/St. Paul, Minnesota prices: $10,500,000,000 in 1985 $29,424,728,971.96 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($10,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $18,924,728,971.96 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, $10,500,000,000 in Minneapolis/St. Paul in the year 1985 would cost $29,424,728,971.96 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
Admission to sporting events · Bananas · Televisions · Electricity · More

Buying power of $10,500,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $10,500,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$10,500,000,000.003.78%
1986$10,637,383,177.571.31%
1987$10,951,401,869.162.95%
1988$11,500,934,579.445.02%
1989$11,971,962,616.824.10%
1990$12,462,616,822.434.10%
1991$12,796,261,682.242.68%
1992$13,247,663,551.403.53%
1993$13,659,813,084.113.11%
1994$14,091,588,785.053.16%
1995$14,425,233,644.862.37%
1996$14,906,074,766.363.33%
1997$15,249,532,710.282.30%
1998$15,534,112,149.531.87%
1999$16,024,766,355.143.16%
2000$16,692,056,074.774.16%
2001$17,320,093,457.943.76%
2002$17,624,299,065.421.76%
2003$17,928,504,672.901.73%
2004$18,438,785,046.732.85%
2005$18,949,065,420.562.77%
2006$19,253,271,028.041.61%
2007$19,748,537,383.182.57%
2008$20,505,224,299.073.83%
2009$20,400,322,429.91-0.51%
2010$20,777,046,728.971.85%
2011$21,523,920,560.753.59%
2012$22,026,350,467.292.33%
2013$22,453,415,887.851.94%
2014$22,767,630,841.121.40%
2015$22,625,733,644.86-0.62%
2016$22,976,845,794.391.55%
2017$23,476,724,299.072.18%
2018$24,039,014,018.692.40%
2019$24,543,112,149.532.10%
2020$24,826,808,411.211.16%
2021$26,028,616,822.434.84%
2022$27,968,074,766.367.45%
2023$28,724,859,813.082.71%
2024$29,424,728,971.962.44%*

* 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 * $10,500,000,000 = $29,424,728,971.96

Therefore, according to U.S. Bureau of Labor Statistics, $10,500,000,000 in 1985 has the same "purchasing power" as $29,424,728,971.96 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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