Minneapolis/St. Paul, Minnesota prices: $11,100,000,000 in 1985 $31,106,142,056.07 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($11,100,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $20,006,142,056.07 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, $11,100,000,000 in Minneapolis/St. Paul in the year 1985 would cost $31,106,142,056.07 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 $11,100,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $11,100,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$11,100,000,000.003.78%
1986$11,245,233,644.861.31%
1987$11,577,196,261.682.95%
1988$12,158,130,841.125.02%
1989$12,656,074,766.364.10%
1990$13,174,766,355.144.10%
1991$13,527,476,635.512.68%
1992$14,004,672,897.203.53%
1993$14,440,373,831.783.11%
1994$14,896,822,429.913.16%
1995$15,249,532,710.282.37%
1996$15,757,850,467.293.33%
1997$16,120,934,579.442.30%
1998$16,421,775,700.931.87%
1999$16,940,467,289.723.16%
2000$17,645,887,850.474.16%
2001$18,309,813,084.113.76%
2002$18,631,401,869.161.76%
2003$18,952,990,654.211.73%
2004$19,492,429,906.542.85%
2005$20,031,869,158.882.77%
2006$20,353,457,943.931.61%
2007$20,877,025,233.642.57%
2008$21,676,951,401.873.83%
2009$21,566,055,140.19-0.51%
2010$21,964,306,542.061.85%
2011$22,753,858,878.503.59%
2012$23,284,999,065.422.33%
2013$23,736,468,224.301.94%
2014$24,068,638,317.761.40%
2015$23,918,632,710.28-0.62%
2016$24,289,808,411.211.55%
2017$24,818,251,401.872.18%
2018$25,412,671,962.622.40%
2019$25,945,575,700.932.10%
2020$26,245,483,177.571.16%
2021$27,515,966,355.144.84%
2022$29,566,250,467.297.45%
2023$30,366,280,373.832.71%
2024$31,106,142,056.072.44%*

* 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 * $11,100,000,000 = $31,106,142,056.07

Therefore, according to U.S. Bureau of Labor Statistics, $11,100,000,000 in 1985 has the same "purchasing power" as $31,106,142,056.07 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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