Minneapolis/St. Paul, Minnesota prices: $10,800,000,000 in 1985 $30,265,435,514.02 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($10,800,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $19,465,435,514.02 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, $10,800,000,000 in Minneapolis/St. Paul in the year 1985 would cost $30,265,435,514.02 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 $10,800,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $10,800,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$10,800,000,000.003.78%
1986$10,941,308,411.211.31%
1987$11,264,299,065.422.95%
1988$11,829,532,710.285.02%
1989$12,314,018,691.594.10%
1990$12,818,691,588.794.10%
1991$13,161,869,158.882.68%
1992$13,626,168,224.303.53%
1993$14,050,093,457.943.11%
1994$14,494,205,607.483.16%
1995$14,837,383,177.572.37%
1996$15,331,962,616.823.33%
1997$15,685,233,644.862.30%
1998$15,977,943,925.231.87%
1999$16,482,616,822.433.16%
2000$17,168,971,962.624.16%
2001$17,814,953,271.033.76%
2002$18,127,850,467.291.76%
2003$18,440,747,663.551.73%
2004$18,965,607,476.642.85%
2005$19,490,467,289.722.77%
2006$19,803,364,485.981.61%
2007$20,312,781,308.412.57%
2008$21,091,087,850.473.83%
2009$20,983,188,785.05-0.51%
2010$21,370,676,635.511.85%
2011$22,138,889,719.633.59%
2012$22,655,674,766.362.33%
2013$23,094,942,056.071.94%
2014$23,418,134,579.441.40%
2015$23,272,183,177.57-0.62%
2016$23,633,327,102.801.55%
2017$24,147,487,850.472.18%
2018$24,725,842,990.652.40%
2019$25,244,343,925.232.10%
2020$25,536,145,794.391.16%
2021$26,772,291,588.794.84%
2022$28,767,162,616.827.45%
2023$29,545,570,093.462.71%
2024$30,265,435,514.022.44%*

* 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 * $10,800,000,000 = $30,265,435,514.02

Therefore, according to U.S. Bureau of Labor Statistics, $10,800,000,000 in 1985 has the same "purchasing power" as $30,265,435,514.02 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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