Minneapolis/St. Paul, Minnesota prices: $1,889,604,000 in 1985 $5,295,341,482.32 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($1,889,604,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,405,737,482.32 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, $1,889,604,000 in Minneapolis/St. Paul in the year 1985 would cost $5,295,341,482.32 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
Rent of primary residence · College tuition and fees · New cars · Admission to sporting events · More

Buying power of $1,889,604,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,889,604,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,889,604,000.003.78%
1986$1,914,327,790.651.31%
1987$1,970,839,312.152.95%
1988$2,069,734,474.775.02%
1989$2,154,501,757.014.10%
1990$2,242,801,009.354.10%
1991$2,302,844,500.932.68%
1992$2,384,079,813.083.53%
1993$2,458,251,185.053.11%
1994$2,535,954,527.103.16%
1995$2,595,998,018.692.37%
1996$2,682,531,285.983.33%
1997$2,744,340,762.622.30%
1998$2,795,554,328.971.87%
1999$2,883,853,581.313.16%
2000$3,003,940,564.494.16%
2001$3,116,963,607.483.76%
2002$3,171,709,143.931.76%
2003$3,226,454,680.371.73%
2004$3,318,285,902.802.85%
2005$3,410,117,125.232.77%
2006$3,464,862,661.681.61%
2007$3,553,991,926.992.57%
2008$3,690,167,033.943.83%
2009$3,671,288,653.79-0.51%
2010$3,739,084,819.741.85%
2011$3,873,493,941.643.59%
2012$3,963,912,376.042.33%
2013$4,040,768,045.271.94%
2014$4,097,314,886.471.40%
2015$4,071,778,742.69-0.62%
2016$4,134,965,687.661.55%
2017$4,224,924,965.942.18%
2018$4,326,115,909.122.40%
2019$4,416,834,560.972.10%
2020$4,467,889,188.671.16%
2021$4,684,169,377.354.84%
2022$5,033,198,661.987.45%
2023$5,169,391,428.792.71%
2024$5,295,341,482.322.44%*

* 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 * $1,889,604,000 = $5,295,341,482.32

Therefore, according to U.S. Bureau of Labor Statistics, $1,889,604,000 in 1985 has the same "purchasing power" as $5,295,341,482.32 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.

» Read more about inflation and investment.