Minneapolis/St. Paul, Minnesota prices: $1,500,000,000,000,000 in 1985 $4,203,532,710,280,373 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,500,000,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $2,703,532,710,280,373 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, $1,500,000,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $4,203,532,710,280,373 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 $1,500,000,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,500,000,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,500,000,000,000,000.003.78%
1986$1,519,626,168,224,299.251.31%
1987$1,564,485,981,308,411.002.95%
1988$1,642,990,654,205,607.255.02%
1989$1,710,280,373,831,775.754.10%
1990$1,780,373,831,775,701.004.10%
1991$1,828,037,383,177,570.002.68%
1992$1,892,523,364,485,981.003.53%
1993$1,951,401,869,158,878.003.11%
1994$2,013,084,112,149,532.753.16%
1995$2,060,747,663,551,402.002.37%
1996$2,129,439,252,336,448.753.33%
1997$2,178,504,672,897,196.252.30%
1998$2,219,158,878,504,673.251.87%
1999$2,289,252,336,448,598.503.16%
2000$2,384,579,439,252,336.504.16%
2001$2,474,299,065,420,560.503.76%
2002$2,517,757,009,345,794.501.76%
2003$2,561,214,953,271,027.501.73%
2004$2,634,112,149,532,710.502.85%
2005$2,707,009,345,794,392.502.77%
2006$2,750,467,289,719,625.501.61%
2007$2,821,219,626,168,224.502.57%
2008$2,929,317,757,009,346.003.83%
2009$2,914,331,775,700,934.50-0.51%
2010$2,968,149,532,710,280.501.85%
2011$3,074,845,794,392,524.003.59%
2012$3,146,621,495,327,102.002.33%
2013$3,207,630,841,121,495.501.94%
2014$3,252,518,691,588,785.501.40%
2015$3,232,247,663,551,402.00-0.62%
2016$3,282,406,542,056,075.001.55%
2017$3,353,817,757,009,346.002.18%
2018$3,434,144,859,813,083.502.40%
2019$3,506,158,878,504,673.502.10%
2020$3,546,686,915,887,850.001.16%
2021$3,718,373,831,775,702.004.84%
2022$3,995,439,252,336,448.507.45%
2023$4,103,551,401,869,159.502.71%
2024$4,203,532,710,280,373.002.44%*

* 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 * $1,500,000,000,000,000 = $4,203,532,710,280,373

Therefore, according to U.S. Bureau of Labor Statistics, $1,500,000,000,000,000 in 1985 has the same "purchasing power" as $4,203,532,710,280,373 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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