Minneapolis/St. Paul, Minnesota prices: $170,000,000,000 in 1985 $476,400,373,831.78 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($170,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $306,400,373,831.78 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, $170,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $476,400,373,831.78 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
Boston, Massachusetts · Detroit, Michigan · San Francisco, California · Frankfurters · More

Buying power of $170,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $170,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$170,000,000,000.003.78%
1986$172,224,299,065.421.31%
1987$177,308,411,214.952.95%
1988$186,205,607,476.645.02%
1989$193,831,775,700.934.10%
1990$201,775,700,934.584.10%
1991$207,177,570,093.462.68%
1992$214,485,981,308.413.53%
1993$221,158,878,504.673.11%
1994$228,149,532,710.283.16%
1995$233,551,401,869.162.37%
1996$241,336,448,598.133.33%
1997$246,897,196,261.682.30%
1998$251,504,672,897.201.87%
1999$259,448,598,130.843.16%
2000$270,252,336,448.604.16%
2001$280,420,560,747.663.76%
2002$285,345,794,392.521.76%
2003$290,271,028,037.381.73%
2004$298,532,710,280.372.85%
2005$306,794,392,523.362.77%
2006$311,719,626,168.221.61%
2007$319,738,224,299.072.57%
2008$331,989,345,794.393.83%
2009$330,290,934,579.44-0.51%
2010$336,390,280,373.831.85%
2011$348,482,523,364.493.59%
2012$356,617,102,803.742.33%
2013$363,531,495,327.101.94%
2014$368,618,785,046.731.40%
2015$366,321,401,869.16-0.62%
2016$372,006,074,766.361.55%
2017$380,099,345,794.392.18%
2018$389,203,084,112.152.40%
2019$397,364,672,897.202.10%
2020$401,957,850,467.291.16%
2021$421,415,700,934.584.84%
2022$452,816,448,598.137.45%
2023$465,069,158,878.502.71%
2024$476,400,373,831.782.44%*

* 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 * $170,000,000,000 = $476,400,373,831.78

Therefore, according to U.S. Bureau of Labor Statistics, $170,000,000,000 in 1985 has the same "purchasing power" as $476,400,373,831.78 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.