Minneapolis/St. Paul, Minnesota prices: $1,073,100,000,000 in 1985 $3,007,207,300,934.58 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,073,100,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,934,107,300,934.58 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, $1,073,100,000,000 in Minneapolis/St. Paul in the year 1985 would cost $3,007,207,300,934.58 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
Frankfurters · New trucks · Fresh fruits · Bread · More

Buying power of $1,073,100,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,073,100,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,073,100,000,000.003.78%
1986$1,087,140,560,747.661.31%
1987$1,119,233,271,028.042.95%
1988$1,175,395,514,018.695.02%
1989$1,223,534,579,439.254.10%
1990$1,273,679,439,252.344.10%
1991$1,307,777,943,925.232.68%
1992$1,353,911,214,953.273.53%
1993$1,396,032,897,196.263.11%
1994$1,440,160,373,831.783.16%
1995$1,474,258,878,504.672.37%
1996$1,523,400,841,121.503.33%
1997$1,558,502,242,990.652.30%
1998$1,587,586,261,682.241.87%
1999$1,637,731,121,495.333.16%
2000$1,705,928,130,841.124.16%
2001$1,770,113,551,401.873.76%
2002$1,801,203,364,485.981.76%
2003$1,832,293,177,570.091.73%
2004$1,884,443,831,775.702.85%
2005$1,936,594,485,981.312.77%
2006$1,967,684,299,065.421.61%
2007$2,018,300,520,560.752.57%
2008$2,095,633,923,364.493.83%
2009$2,084,912,952,336.45-0.51%
2010$2,123,414,175,700.931.85%
2011$2,199,744,681,308.413.59%
2012$2,251,093,017,757.012.33%
2013$2,294,739,103,738.321.94%
2014$2,326,851,871,962.621.40%
2015$2,312,349,978,504.67-0.62%
2016$2,348,233,640,186.921.55%
2017$2,399,321,223,364.492.18%
2018$2,456,787,232,710.282.40%
2019$2,508,306,061,682.242.10%
2020$2,537,299,819,626.171.16%
2021$2,660,124,639,252.344.84%
2022$2,858,337,241,121.507.45%
2023$2,935,680,672,897.202.71%
2024$3,007,207,300,934.582.44%*

* 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 * $1,073,100,000,000 = $3,007,207,300,934.58

Therefore, according to U.S. Bureau of Labor Statistics, $1,073,100,000,000 in 1985 has the same "purchasing power" as $3,007,207,300,934.58 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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