Minneapolis/St. Paul, Minnesota prices: $1,692,885,618.87 in 1985 $4,744,066,715.79 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($1,692,885,618.87)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,051,181,096.92 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, $1,692,885,618.87 in Minneapolis/St. Paul in the year 1985 would cost $4,744,066,715.79 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
St Louis, Missouri · Admission to sporting events · Juices and nonalcoholic drinks · Airline fares · More

Buying power of $1,692,885,618.87 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,692,885,618.87 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,692,885,618.873.78%
1986$1,715,035,524.161.31%
1987$1,765,663,879.122.95%
1988$1,854,263,500.295.02%
1989$1,930,206,032.734.10%
1990$2,009,312,837.354.10%
1991$2,063,105,464.492.68%
1992$2,135,883,724.743.53%
1993$2,202,333,440.623.11%
1994$2,271,947,428.693.16%
1995$2,325,740,055.832.37%
1996$2,403,264,724.363.33%
1997$2,458,639,487.592.30%
1998$2,504,521,434.271.87%
1999$2,583,628,238.893.16%
2000$2,691,213,493.184.16%
2001$2,792,470,203.093.76%
2002$2,841,516,421.951.76%
2003$2,890,562,640.821.73%
2004$2,972,833,717.622.85%
2005$3,055,104,794.432.77%
2006$3,104,151,013.291.61%
2007$3,184,001,421.882.57%
2008$3,305,999,935.963.83%
2009$3,289,086,901.13-0.51%
2010$3,349,825,105.721.85%
2011$3,470,241,483.713.59%
2012$3,551,246,851.642.33%
2013$3,620,101,414.391.94%
2014$3,670,761,412.061.40%
2015$3,647,883,724.17-0.62%
2016$3,704,492,553.551.55%
2017$3,785,086,566.102.18%
2018$3,875,742,964.202.40%
2019$3,957,017,295.262.10%
2020$4,002,756,849.691.16%
2021$4,196,521,056.934.84%
2022$4,509,214,434.237.45%
2023$4,631,228,769.682.71%
2024$4,744,066,715.792.44%*

* 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 * $1,692,885,618.87 = $4,744,066,715.79

Therefore, according to U.S. Bureau of Labor Statistics, $1,692,885,618.87 in 1985 has the same "purchasing power" as $4,744,066,715.79 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.