Minneapolis/St. Paul, Minnesota prices: $22,000,000,000 in 1985 $61,651,813,084.11 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($22,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $39,651,813,084.11 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, $22,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $61,651,813,084.11 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%).

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Buying power of $22,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $22,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$22,000,000,000.003.78%
1986$22,287,850,467.291.31%
1987$22,945,794,392.522.95%
1988$24,097,196,261.685.02%
1989$25,084,112,149.534.10%
1990$26,112,149,532.714.10%
1991$26,811,214,953.272.68%
1992$27,757,009,345.793.53%
1993$28,620,560,747.663.11%
1994$29,525,233,644.863.16%
1995$30,224,299,065.422.37%
1996$31,231,775,700.933.33%
1997$31,951,401,869.162.30%
1998$32,547,663,551.401.87%
1999$33,575,700,934.583.16%
2000$34,973,831,775.704.16%
2001$36,289,719,626.173.76%
2002$36,927,102,803.741.76%
2003$37,564,485,981.311.73%
2004$38,633,644,859.812.85%
2005$39,702,803,738.322.77%
2006$40,340,186,915.891.61%
2007$41,377,887,850.472.57%
2008$42,963,327,102.803.83%
2009$42,743,532,710.28-0.51%
2010$43,532,859,813.081.85%
2011$45,097,738,317.763.59%
2012$46,150,448,598.132.33%
2013$47,045,252,336.451.94%
2014$47,703,607,476.641.40%
2015$47,406,299,065.42-0.62%
2016$48,141,962,616.821.55%
2017$49,189,327,102.802.18%
2018$50,367,457,943.932.40%
2019$51,423,663,551.402.10%
2020$52,018,074,766.361.16%
2021$54,536,149,532.714.84%
2022$58,599,775,700.937.45%
2023$60,185,420,560.752.71%
2024$61,651,813,084.112.44%*

* 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 * $22,000,000,000 = $61,651,813,084.11

Therefore, according to U.S. Bureau of Labor Statistics, $22,000,000,000 in 1985 has the same "purchasing power" as $61,651,813,084.11 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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