Minneapolis/St. Paul, Minnesota prices: $11,768,000,000 in 1985 $32,978,115,289.72 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($11,768,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $21,210,115,289.72 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, $11,768,000,000 in Minneapolis/St. Paul in the year 1985 would cost $32,978,115,289.72 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 $11,768,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $11,768,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$11,768,000,000.003.78%
1986$11,921,973,831.781.31%
1987$12,273,914,018.692.95%
1988$12,889,809,345.795.02%
1989$13,417,719,626.174.10%
1990$13,967,626,168.224.10%
1991$14,341,562,616.822.68%
1992$14,847,476,635.513.53%
1993$15,309,398,130.843.11%
1994$15,793,315,887.853.16%
1995$16,167,252,336.452.37%
1996$16,706,160,747.663.33%
1997$17,091,095,327.102.30%
1998$17,410,041,121.501.87%
1999$17,959,947,663.553.16%
2000$18,707,820,560.754.16%
2001$19,411,700,934.583.76%
2002$19,752,642,990.651.76%
2003$20,093,585,046.731.73%
2004$20,665,487,850.472.85%
2005$21,237,390,654.212.77%
2006$21,578,332,710.281.61%
2007$22,133,408,373.832.57%
2008$22,981,474,242.993.83%
2009$22,863,904,224.30-0.51%
2010$23,286,122,467.291.85%
2011$24,123,190,205.613.59%
2012$24,686,294,504.672.33%
2013$25,164,933,158.881.94%
2014$25,517,093,308.411.40%
2015$25,358,060,336.45-0.62%
2016$25,751,573,457.941.55%
2017$26,311,818,242.992.18%
2018$26,942,011,140.192.40%
2019$27,506,985,121.502.10%
2020$27,824,941,084.111.16%
2021$29,171,882,168.224.84%
2022$31,345,552,747.667.45%
2023$32,193,728,598.132.71%
2024$32,978,115,289.722.44%*

* 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 * $11,768,000,000 = $32,978,115,289.72

Therefore, according to U.S. Bureau of Labor Statistics, $11,768,000,000 in 1985 has the same "purchasing power" as $32,978,115,289.72 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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