Minneapolis/St. Paul, Minnesota prices: $1,460,000,000 in 1985 $4,091,438,504.67 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,460,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $2,631,438,504.67 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, $1,460,000,000 in Minneapolis/St. Paul in the year 1985 would cost $4,091,438,504.67 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%).

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Buying power of $1,460,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,460,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,460,000,000.003.78%
1986$1,479,102,803.741.31%
1987$1,522,766,355.142.95%
1988$1,599,177,570.095.02%
1989$1,664,672,897.204.10%
1990$1,732,897,196.264.10%
1991$1,779,289,719.632.68%
1992$1,842,056,074.773.53%
1993$1,899,364,485.983.11%
1994$1,959,401,869.163.16%
1995$2,005,794,392.522.37%
1996$2,072,654,205.613.33%
1997$2,120,411,214.952.30%
1998$2,159,981,308.411.87%
1999$2,228,205,607.483.16%
2000$2,320,990,654.214.16%
2001$2,408,317,757.013.76%
2002$2,450,616,822.431.76%
2003$2,492,915,887.851.73%
2004$2,563,869,158.882.85%
2005$2,634,822,429.912.77%
2006$2,677,121,495.331.61%
2007$2,745,987,102.802.57%
2008$2,851,202,616.823.83%
2009$2,836,616,261.68-0.51%
2010$2,888,998,878.501.85%
2011$2,992,849,906.543.59%
2012$3,062,711,588.792.33%
2013$3,122,094,018.691.94%
2014$3,165,784,859.811.40%
2015$3,146,054,392.52-0.62%
2016$3,194,875,700.931.55%
2017$3,264,382,616.822.18%
2018$3,342,567,663.552.40%
2019$3,412,661,308.412.10%
2020$3,452,108,598.131.16%
2021$3,619,217,196.264.84%
2022$3,888,894,205.617.45%
2023$3,994,123,364.492.71%
2024$4,091,438,504.672.44%*

* 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 * $1,460,000,000 = $4,091,438,504.67

Therefore, according to U.S. Bureau of Labor Statistics, $1,460,000,000 in 1985 has the same "purchasing power" as $4,091,438,504.67 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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