Minneapolis/St. Paul, Minnesota prices: $1,084,939,099 in 1985 $3,040,384,660.87 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,084,939,099)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,955,445,561.87 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, $1,084,939,099 in Minneapolis/St. Paul in the year 1985 would cost $3,040,384,660.87 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 $1,084,939,099.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,084,939,099 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,084,939,099.003.78%
1986$1,099,134,563.851.31%
1987$1,131,581,340.642.95%
1988$1,188,363,200.035.02%
1989$1,237,033,365.214.10%
1990$1,287,731,453.954.10%
1991$1,322,206,154.302.68%
1992$1,368,848,395.933.53%
1993$1,411,434,790.473.11%
1994$1,456,049,108.563.16%
1995$1,490,523,808.912.37%
1996$1,540,207,935.873.33%
1997$1,575,696,597.992.30%
1998$1,605,101,489.461.87%
1999$1,655,799,578.193.16%
2000$1,724,748,978.884.16%
2001$1,789,642,532.463.76%
2002$1,821,075,347.481.76%
2003$1,852,508,162.501.73%
2004$1,905,234,174.792.85%
2005$1,957,960,187.072.77%
2006$1,989,393,002.091.61%
2007$2,040,567,652.862.57%
2008$2,118,754,245.323.83%
2009$2,107,914,993.94-0.51%
2010$2,146,840,986.481.85%
2011$2,224,013,617.153.59%
2012$2,275,928,460.022.33%
2013$2,320,056,076.461.94%
2014$2,352,523,132.491.40%
2015$2,337,861,245.23-0.62%
2016$2,374,140,797.531.55%
2017$2,425,792,010.332.18%
2018$2,483,892,020.032.40%
2019$2,535,979,236.402.10%
2020$2,565,292,871.311.16%
2021$2,689,472,769.864.84%
2022$2,889,872,175.037.45%
2023$2,968,068,907.102.71%
2024$3,040,384,660.872.44%*

* 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 * $1,084,939,099 = $3,040,384,660.87

Therefore, according to U.S. Bureau of Labor Statistics, $1,084,939,099 in 1985 has the same "purchasing power" as $3,040,384,660.87 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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