Minneapolis/St. Paul, Minnesota prices: $1,900,000,000 in 1985 $5,324,474,766.36 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,900,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,424,474,766.36 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, $1,900,000,000 in Minneapolis/St. Paul in the year 1985 would cost $5,324,474,766.36 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 $1,900,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,900,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,900,000,000.003.78%
1986$1,924,859,813.081.31%
1987$1,981,682,242.992.95%
1988$2,081,121,495.335.02%
1989$2,166,355,140.194.10%
1990$2,255,140,186.924.10%
1991$2,315,514,018.692.68%
1992$2,397,196,261.683.53%
1993$2,471,775,700.933.11%
1994$2,549,906,542.063.16%
1995$2,610,280,373.832.37%
1996$2,697,289,719.633.33%
1997$2,759,439,252.342.30%
1998$2,810,934,579.441.87%
1999$2,899,719,626.173.16%
2000$3,020,467,289.724.16%
2001$3,134,112,149.533.76%
2002$3,189,158,878.501.76%
2003$3,244,205,607.481.73%
2004$3,336,542,056.072.85%
2005$3,428,878,504.672.77%
2006$3,483,925,233.641.61%
2007$3,573,544,859.812.57%
2008$3,710,469,158.883.83%
2009$3,691,486,915.89-0.51%
2010$3,759,656,074.771.85%
2011$3,894,804,672.903.59%
2012$3,985,720,560.752.33%
2013$4,062,999,065.421.94%
2014$4,119,857,009.351.40%
2015$4,094,180,373.83-0.62%
2016$4,157,714,953.271.55%
2017$4,248,169,158.882.18%
2018$4,349,916,822.432.40%
2019$4,441,134,579.442.10%
2020$4,492,470,093.461.16%
2021$4,709,940,186.924.84%
2022$5,060,889,719.637.45%
2023$5,197,831,775.702.71%
2024$5,324,474,766.362.44%*

* 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 * $1,900,000,000 = $5,324,474,766.36

Therefore, according to U.S. Bureau of Labor Statistics, $1,900,000,000 in 1985 has the same "purchasing power" as $5,324,474,766.36 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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