Minneapolis/St. Paul, Minnesota prices: $12,345,678,900 in 1985 $34,596,976,724.51 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($12,345,678,900)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $22,251,297,824.51 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, $12,345,678,900 in Minneapolis/St. Paul in the year 1985 would cost $34,596,976,724.51 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
Airline fares · Wine at home · Financial services · Denver, Colorado · More

Buying power of $12,345,678,900.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $12,345,678,900 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$12,345,678,900.003.78%
1986$12,507,211,147.291.31%
1987$12,876,427,712.522.95%
1988$13,522,556,701.685.02%
1989$14,076,381,549.534.10%
1990$14,653,282,432.714.10%
1991$15,045,575,033.272.68%
1992$15,576,323,845.793.53%
1993$16,060,920,587.663.11%
1994$16,568,593,364.863.16%
1995$16,960,885,965.422.37%
1996$17,526,248,830.933.33%
1997$17,930,079,449.162.30%
1998$18,264,681,961.401.87%
1999$18,841,582,844.583.16%
2000$19,626,168,045.704.16%
2001$20,364,601,176.173.76%
2002$20,722,279,723.741.76%
2003$21,079,958,271.311.73%
2004$21,679,935,189.812.85%
2005$22,279,912,108.322.77%
2006$22,637,590,655.891.61%
2007$23,219,914,407.372.57%
2008$24,109,610,949.403.83%
2009$23,986,269,540.58-0.51%
2010$24,429,214,038.681.85%
2011$25,307,372,563.063.59%
2012$25,898,119,067.432.33%
2013$26,400,253,596.151.94%
2014$26,769,700,921.741.40%
2015$26,602,861,186.32-0.62%
2016$27,015,691,458.321.55%
2017$27,603,438,078.102.18%
2018$28,264,566,490.232.40%
2019$28,857,274,457.602.10%
2020$29,190,838,548.261.16%
2021$30,603,899,571.514.84%
2022$32,884,273,382.537.45%
2023$33,774,085,304.752.71%
2024$34,596,976,724.512.44%*

* 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 * $12,345,678,900 = $34,596,976,724.51

Therefore, according to U.S. Bureau of Labor Statistics, $12,345,678,900 in 1985 has the same "purchasing power" as $34,596,976,724.51 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.

» Read more about inflation and investment.