Minneapolis/St. Paul, Minnesota prices: $1,975,545,000 in 1985 $5,536,178,685.42 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,975,545,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,560,633,685.42 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, $1,975,545,000 in Minneapolis/St. Paul in the year 1985 would cost $5,536,178,685.42 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 $1,975,545,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,975,545,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,975,545,000.003.78%
1986$2,001,393,252.341.31%
1987$2,060,474,971.962.95%
1988$2,163,867,981.315.02%
1989$2,252,490,560.754.10%
1990$2,344,805,747.664.10%
1991$2,407,580,074.772.68%
1992$2,492,510,046.733.53%
1993$2,570,054,803.743.11%
1994$2,651,292,168.223.16%
1995$2,714,066,495.332.37%
1996$2,804,535,378.503.33%
1997$2,869,156,009.352.30%
1998$2,922,698,817.761.87%
1999$3,015,014,004.673.16%
2000$3,140,562,658.884.16%
2001$3,258,726,098.133.76%
2002$3,315,961,514.021.76%
2003$3,373,196,929.911.73%
2004$3,469,204,724.302.85%
2005$3,565,212,518.692.77%
2006$3,622,447,934.581.61%
2007$3,715,630,884.252.57%
2008$3,857,999,365.513.83%
2009$3,838,262,378.55-0.51%
2010$3,909,141,979.071.85%
2011$4,049,664,156.593.59%
2012$4,144,194,907.992.33%
2013$4,224,546,046.681.94%
2014$4,283,664,692.381.40%
2015$4,256,967,140.33-0.62%
2016$4,323,027,888.081.55%
2017$4,417,078,600.512.18%
2018$4,522,871,804.722.40%
2019$4,617,716,427.762.10%
2020$4,671,093,068.831.16%
2021$4,897,209,887.664.84%
2022$5,262,113,358.507.45%
2023$5,404,500,302.802.71%
2024$5,536,178,685.422.44%*

* 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 * $1,975,545,000 = $5,536,178,685.42

Therefore, according to U.S. Bureau of Labor Statistics, $1,975,545,000 in 1985 has the same "purchasing power" as $5,536,178,685.42 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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