Minneapolis/St. Paul, Minnesota prices: $24,200,000,000 in 1985 $67,816,994,392.52 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($24,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $43,616,994,392.52 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, $24,200,000,000 in Minneapolis/St. Paul in the year 1985 would cost $67,816,994,392.52 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
Rent of primary residence · New trucks · Milk · Atlanta, Georgia · More

Buying power of $24,200,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $24,200,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$24,200,000,000.003.78%
1986$24,516,635,514.021.31%
1987$25,240,373,831.782.95%
1988$26,506,915,887.855.02%
1989$27,592,523,364.494.10%
1990$28,723,364,485.984.10%
1991$29,492,336,448.602.68%
1992$30,532,710,280.373.53%
1993$31,482,616,822.433.11%
1994$32,477,757,009.353.16%
1995$33,246,728,971.962.37%
1996$34,354,953,271.033.33%
1997$35,146,542,056.072.30%
1998$35,802,429,906.541.87%
1999$36,933,271,028.043.16%
2000$38,471,214,953.274.16%
2001$39,918,691,588.793.76%
2002$40,619,813,084.111.76%
2003$41,320,934,579.441.73%
2004$42,497,009,345.792.85%
2005$43,673,084,112.152.77%
2006$44,374,205,607.481.61%
2007$45,515,676,635.512.57%
2008$47,259,659,813.083.83%
2009$47,017,885,981.31-0.51%
2010$47,886,145,794.391.85%
2011$49,607,512,149.533.59%
2012$50,765,493,457.942.33%
2013$51,749,777,570.091.94%
2014$52,473,968,224.301.40%
2015$52,146,928,971.96-0.62%
2016$52,956,158,878.501.55%
2017$54,108,259,813.082.18%
2018$55,404,203,738.322.40%
2019$56,566,029,906.542.10%
2020$57,219,882,242.991.16%
2021$59,989,764,485.984.84%
2022$64,459,753,271.037.45%
2023$66,203,962,616.822.71%
2024$67,816,994,392.522.44%*

* 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 * $24,200,000,000 = $67,816,994,392.52

Therefore, according to U.S. Bureau of Labor Statistics, $24,200,000,000 in 1985 has the same "purchasing power" as $67,816,994,392.52 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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