Minneapolis/St. Paul, Minnesota prices: $17,500,000,000 in 1985 $49,041,214,953.27 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($17,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $31,541,214,953.27 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, $17,500,000,000 in Minneapolis/St. Paul in the year 1985 would cost $49,041,214,953.27 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
Admission to sporting events · New York · Fresh fruits · Frankfurters · More

Buying power of $17,500,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $17,500,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$17,500,000,000.003.78%
1986$17,728,971,962.621.31%
1987$18,252,336,448.602.95%
1988$19,168,224,299.075.02%
1989$19,953,271,028.044.10%
1990$20,771,028,037.384.10%
1991$21,327,102,803.742.68%
1992$22,079,439,252.343.53%
1993$22,766,355,140.193.11%
1994$23,485,981,308.413.16%
1995$24,042,056,074.772.37%
1996$24,843,457,943.933.33%
1997$25,415,887,850.472.30%
1998$25,890,186,915.891.87%
1999$26,707,943,925.233.16%
2000$27,820,093,457.944.16%
2001$28,866,822,429.913.76%
2002$29,373,831,775.701.76%
2003$29,880,841,121.501.73%
2004$30,731,308,411.212.85%
2005$31,581,775,700.932.77%
2006$32,088,785,046.731.61%
2007$32,914,228,971.962.57%
2008$34,175,373,831.783.83%
2009$34,000,537,383.18-0.51%
2010$34,628,411,214.951.85%
2011$35,873,200,934.583.59%
2012$36,710,584,112.152.33%
2013$37,422,359,813.081.94%
2014$37,946,051,401.871.40%
2015$37,709,556,074.77-0.62%
2016$38,294,742,990.651.55%
2017$39,127,873,831.782.18%
2018$40,065,023,364.492.40%
2019$40,905,186,915.892.10%
2020$41,378,014,018.691.16%
2021$43,381,028,037.384.84%
2022$46,613,457,943.937.45%
2023$47,874,766,355.142.71%
2024$49,041,214,953.272.44%*

* 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 * $17,500,000,000 = $49,041,214,953.27

Therefore, according to U.S. Bureau of Labor Statistics, $17,500,000,000 in 1985 has the same "purchasing power" as $49,041,214,953.27 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.