Minneapolis/St. Paul, Minnesota prices: $238,392,000,000 in 1985 $668,059,046,579.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($238,392,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $429,667,046,579.44 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, $238,392,000,000 in Minneapolis/St. Paul in the year 1985 would cost $668,059,046,579.44 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 $238,392,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $238,392,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$238,392,000,000.003.78%
1986$241,511,147,663.551.31%
1987$248,640,628,037.382.95%
1988$261,117,218,691.595.02%
1989$271,811,439,252.344.10%
1990$282,951,252,336.454.10%
1991$290,526,325,233.642.68%
1992$300,774,953,271.033.53%
1993$310,132,396,261.683.11%
1994$319,935,431,775.703.16%
1995$327,510,504,672.902.37%
1996$338,427,521,495.333.33%
1997$346,225,390,654.212.30%
1998$352,686,482,242.991.87%
1999$363,826,295,327.103.16%
2000$378,976,441,121.504.16%
2001$393,235,401,869.163.76%
2002$400,142,085,981.311.76%
2003$407,048,770,093.461.73%
2004$418,634,175,700.932.85%
2005$430,219,581,308.412.77%
2006$437,126,265,420.561.61%
2007$448,370,792,747.662.57%
2008$465,550,612,485.983.83%
2009$463,168,920,448.60-0.51%
2010$471,722,068,934.581.85%
2011$488,679,092,411.223.59%
2012$500,086,261,009.352.33%
2013$509,782,354,317.761.94%
2014$516,916,290,616.821.40%
2015$513,694,656,672.90-0.62%
2016$521,666,306,915.891.55%
2017$533,015,548,485.982.18%
2018$545,781,774,280.372.40%
2019$557,226,818,242.992.10%
2020$563,667,858,168.221.16%
2021$590,953,716,336.454.84%
2022$634,987,169,495.337.45%
2023$652,169,217,196.262.71%
2024$668,059,046,579.442.44%*

* 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 * $238,392,000,000 = $668,059,046,579.44

Therefore, according to U.S. Bureau of Labor Statistics, $238,392,000,000 in 1985 has the same "purchasing power" as $668,059,046,579.44 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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