Minneapolis/St. Paul, Minnesota prices: $1,859,575,960,187.32 in 1985 $5,211,192,250,598.96 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,859,575,960,187.32)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,351,616,290,411.64 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, $1,859,575,960,187.32 in Minneapolis/St. Paul in the year 1985 would cost $5,211,192,250,598.96 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
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Buying power of $1,859,575,960,187.32 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,859,575,960,187.32 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,859,575,960,187.323.78%
1986$1,883,906,860,600.991.31%
1987$1,939,520,347,260.792.95%
1988$2,036,843,948,915.465.02%
1989$2,120,264,178,905.174.10%
1990$2,207,160,251,811.124.10%
1991$2,266,249,581,387.162.68%
1992$2,346,193,968,460.643.53%
1993$2,419,186,669,701.643.11%
1994$2,495,655,213,858.873.16%
1995$2,554,744,543,434.922.37%
1996$2,639,902,694,882.753.33%
1997$2,700,729,945,916.912.30%
1998$2,751,129,668,202.361.87%
1999$2,838,025,741,108.313.16%
2000$2,956,204,400,260.404.16%
2001$3,067,431,373,580.023.76%
2002$3,121,306,938,781.711.76%
2003$3,175,182,503,983.401.73%
2004$3,265,554,419,805.582.85%
2005$3,355,926,335,627.772.77%
2006$3,409,801,900,829.461.61%
2007$3,497,514,796,820.732.57%
2008$3,631,525,920,456.283.83%
2009$3,612,947,540,068.99-0.51%
2010$3,679,666,344,846.181.85%
2011$3,811,939,547,023.613.59%
2012$3,900,921,125,679.312.33%
2013$3,976,555,467,536.641.94%
2014$4,032,203,712,625.611.40%
2015$4,007,073,368,341.21-0.62%
2016$4,069,256,198,112.711.55%
2017$4,157,785,917,189.292.18%
2018$4,257,368,816,739.512.40%
2019$4,346,645,842,043.082.10%
2020$4,396,889,151,397.301.16%
2021$4,609,732,392,373.144.84%
2022$4,953,215,189,355.777.45%
2023$5,087,243,692,205.912.71%
2024$5,211,192,250,598.962.44%*

* 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 * $1,859,575,960,187.32 = $5,211,192,250,598.96

Therefore, according to U.S. Bureau of Labor Statistics, $1,859,575,960,187.32 in 1985 has the same "purchasing power" as $5,211,192,250,598.96 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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