Minneapolis/St. Paul, Minnesota prices: $1,700,000,000 in 1985 $4,764,003,738.32 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,064,003,738.32 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, $1,700,000,000 in Minneapolis/St. Paul in the year 1985 would cost $4,764,003,738.32 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
Bananas · Dental services · Juices and nonalcoholic drinks · Alcoholic beverages · More

Buying power of $1,700,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,700,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,700,000,000.003.78%
1986$1,722,242,990.651.31%
1987$1,773,084,112.152.95%
1988$1,862,056,074.775.02%
1989$1,938,317,757.014.10%
1990$2,017,757,009.354.10%
1991$2,071,775,700.932.68%
1992$2,144,859,813.083.53%
1993$2,211,588,785.053.11%
1994$2,281,495,327.103.16%
1995$2,335,514,018.692.37%
1996$2,413,364,485.983.33%
1997$2,468,971,962.622.30%
1998$2,515,046,728.971.87%
1999$2,594,485,981.313.16%
2000$2,702,523,364.494.16%
2001$2,804,205,607.483.76%
2002$2,853,457,943.931.76%
2003$2,902,710,280.371.73%
2004$2,985,327,102.802.85%
2005$3,067,943,925.232.77%
2006$3,117,196,261.681.61%
2007$3,197,382,242.992.57%
2008$3,319,893,457.943.83%
2009$3,302,909,345.79-0.51%
2010$3,363,902,803.741.85%
2011$3,484,825,233.643.59%
2012$3,566,171,028.042.33%
2013$3,635,314,953.271.94%
2014$3,686,187,850.471.40%
2015$3,663,214,018.69-0.62%
2016$3,720,060,747.661.55%
2017$3,800,993,457.942.18%
2018$3,892,030,841.122.40%
2019$3,973,646,728.972.10%
2020$4,019,578,504.671.16%
2021$4,214,157,009.354.84%
2022$4,528,164,485.987.45%
2023$4,650,691,588.792.71%
2024$4,764,003,738.322.44%*

* 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 * $1,700,000,000 = $4,764,003,738.32

Therefore, according to U.S. Bureau of Labor Statistics, $1,700,000,000 in 1985 has the same "purchasing power" as $4,764,003,738.32 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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