Minneapolis/St. Paul, Minnesota prices: $1,719,021,469,021.50 in 1985 $4,817,308,649,804.06 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,719,021,469,021.50)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,098,287,180,782.56 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, $1,719,021,469,021.50 in Minneapolis/St. Paul in the year 1985 would cost $4,817,308,649,804.06 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
Film and photographic supplies · Educational books and supplies · Gasoline (all types) · Jewelry · More

Buying power of $1,719,021,469,021.50 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,719,021,469,021.50 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,719,021,469,021.503.78%
1986$1,741,513,338,709.631.31%
1987$1,792,923,326,568.222.95%
1988$1,882,890,805,320.755.02%
1989$1,960,005,787,108.634.10%
1990$2,040,333,893,137.674.10%
1991$2,094,957,005,237.422.68%
1992$2,168,858,862,784.143.53%
1993$2,236,334,471,848.533.11%
1994$2,307,023,205,154.093.16%
1995$2,361,646,317,253.842.37%
1996$2,440,367,861,162.303.33%
1997$2,496,597,535,382.632.30%
1998$2,543,187,836,879.471.87%
1999$2,623,515,942,908.513.16%
2000$2,732,762,167,108.014.16%
2001$2,835,582,142,825.183.76%
2002$2,885,385,568,563.191.76%
2003$2,935,188,994,301.201.73%
2004$3,018,730,224,571.402.85%
2005$3,102,271,454,841.602.77%
2006$3,152,074,880,579.611.61%
2007$3,233,158,070,805.332.57%
2008$3,357,040,075,923.313.83%
2009$3,339,865,926,854.31-0.51%
2010$3,401,541,846,663.401.85%
2011$3,523,817,289,660.813.59%
2012$3,606,073,270,234.552.33%
2013$3,675,990,853,722.231.94%
2014$3,727,432,972,823.231.40%
2015$3,704,202,084,559.63-0.62%
2016$3,761,684,877,234.011.55%
2017$3,843,523,151,656.402.18%
2018$3,935,579,161,165.682.40%
2019$4,018,108,257,299.922.10%
2020$4,064,553,968,205.911.16%
2021$4,261,309,631,113.454.84%
2022$4,578,830,568,625.047.45%
2023$4,702,728,639,364.242.71%
2024$4,817,308,649,804.062.44%*

* 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 * $1,719,021,469,021.50 = $4,817,308,649,804.06

Therefore, according to U.S. Bureau of Labor Statistics, $1,719,021,469,021.50 in 1985 has the same "purchasing power" as $4,817,308,649,804.06 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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