Minneapolis/St. Paul, Minnesota prices: $15,102,900,000 in 1985 $42,323,689,446.73 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($15,102,900,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $27,220,789,446.73 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, $15,102,900,000 in Minneapolis/St. Paul in the year 1985 would cost $42,323,689,446.73 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 $15,102,900,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $15,102,900,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$15,102,900,000.003.78%
1986$15,300,508,037.381.31%
1987$15,752,183,551.402.95%
1988$16,542,615,700.935.02%
1989$17,220,128,971.964.10%
1990$17,925,871,962.624.10%
1991$18,405,777,196.262.68%
1992$19,055,060,747.663.53%
1993$19,647,884,859.813.11%
1994$20,268,938,691.593.16%
1995$20,748,843,925.232.37%
1996$21,440,472,056.073.33%
1997$21,934,492,149.532.30%
1998$22,343,823,084.111.87%
1999$23,049,566,074.773.16%
2000$24,009,376,542.064.16%
2001$24,912,727,570.093.76%
2002$25,350,288,224.301.76%
2003$25,787,848,878.501.73%
2004$26,521,821,588.792.85%
2005$27,255,794,299.072.77%
2006$27,693,354,953.271.61%
2007$28,405,731,928.042.57%
2008$29,494,128,768.223.83%
2009$29,343,240,916.82-0.51%
2010$29,885,110,385.051.85%
2011$30,959,392,365.423.59%
2012$31,682,073,187.852.33%
2013$32,296,351,886.921.94%
2014$32,748,309,698.131.40%
2015$32,544,208,825.23-0.62%
2016$33,049,238,509.351.55%
2017$33,768,249,468.222.18%
2018$34,577,030,935.512.40%
2019$35,302,111,284.112.10%
2020$35,710,171,881.311.16%
2021$37,438,818,762.624.84%
2022$40,228,479,656.077.45%
2023$41,317,017,644.862.71%
2024$42,323,689,446.732.44%*

* 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 * $15,102,900,000 = $42,323,689,446.73

Therefore, according to U.S. Bureau of Labor Statistics, $15,102,900,000 in 1985 has the same "purchasing power" as $42,323,689,446.73 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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