Minneapolis/St. Paul, Minnesota prices: $19,999,999,998 in 1985 $56,047,102,798.13 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($19,999,999,998)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $36,047,102,800.13 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, $19,999,999,998 in Minneapolis/St. Paul in the year 1985 would cost $56,047,102,798.13 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
Bread · Televisions · Financial services · Medical care · More

Buying power of $19,999,999,998.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $19,999,999,998 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$19,999,999,998.003.78%
1986$20,261,682,240.961.31%
1987$20,859,813,082.032.95%
1988$21,906,542,053.885.02%
1989$22,803,738,315.484.10%
1990$23,738,317,754.644.10%
1991$24,373,831,773.262.68%
1992$25,233,644,857.293.53%
1993$26,018,691,586.183.11%
1994$26,841,121,492.643.16%
1995$27,476,635,511.272.37%
1996$28,392,523,361.653.33%
1997$29,046,728,969.062.30%
1998$29,588,785,043.771.87%
1999$30,523,364,482.933.16%
2000$31,794,392,520.194.16%
2001$32,990,654,202.313.76%
2002$33,570,093,454.591.76%
2003$34,149,532,706.871.73%
2004$35,121,495,323.592.85%
2005$36,093,457,940.322.77%
2006$36,672,897,192.591.61%
2007$37,616,261,678.482.57%
2008$39,057,570,089.553.83%
2009$38,857,757,005.46-0.51%
2010$39,575,327,098.851.85%
2011$40,997,943,921.133.59%
2012$41,954,953,266.832.33%
2013$42,768,411,210.681.94%
2014$43,366,915,883.511.40%
2015$43,096,635,509.71-0.62%
2016$43,765,420,556.371.55%
2017$44,717,570,088.992.18%
2018$45,788,598,126.262.40%
2019$46,748,785,042.052.10%
2020$47,289,158,873.781.16%
2021$49,578,317,752.054.84%
2022$53,272,523,359.167.45%
2023$54,714,018,686.122.71%
2024$56,047,102,798.132.44%*

* 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 * $19,999,999,998 = $56,047,102,798.13

Therefore, according to U.S. Bureau of Labor Statistics, $19,999,999,998 in 1985 has the same "purchasing power" as $56,047,102,798.13 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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