Minneapolis/St. Paul, Minnesota prices: $258,682,187,409 in 1985 $724,919,357,560.41 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($258,682,187,409)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $466,237,170,151.41 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, $258,682,187,409 in Minneapolis/St. Paul in the year 1985 would cost $724,919,357,560.41 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
Parking fees and tolls · Wireless telephone services · Seattle, Washington · Wine at home · More

Buying power of $258,682,187,409.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $258,682,187,409 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$258,682,187,409.003.78%
1986$262,066,814,160.151.31%
1987$269,803,103,877.052.95%
1988$283,341,610,881.635.02%
1989$294,946,045,456.994.10%
1990$307,033,998,139.654.10%
1991$315,253,805,963.872.68%
1992$326,374,722,431.923.53%
1993$336,528,602,685.353.11%
1994$347,166,001,046.103.16%
1995$355,385,808,870.312.37%
1996$367,232,002,499.323.33%
1997$375,693,569,377.182.30%
1998$382,704,581,933.131.87%
1999$394,792,534,615.793.16%
2000$411,232,150,264.214.16%
2001$426,704,729,698.023.76%
2002$434,199,260,361.271.76%
2003$441,693,791,024.531.73%
2004$454,265,261,814.502.85%
2005$466,836,732,604.472.77%
2006$474,331,263,267.721.61%
2007$486,532,842,705.602.57%
2008$505,174,883,332.803.83%
2009$502,590,479,049.25-0.51%
2010$511,871,609,119.001.85%
2011$530,271,890,692.553.59%
2012$542,649,954,239.602.33%
2013$553,171,308,254.591.94%
2014$560,912,433,152.561.40%
2015$557,416,597,236.74-0.62%
2016$566,066,736,176.451.55%
2017$578,381,942,369.552.18%
2018$592,234,736,143.882.40%
2019$604,653,898,730.052.10%
2020$611,643,152,971.171.16%
2021$641,251,384,272.084.84%
2022$689,032,643,636.117.45%
2023$707,677,101,853.862.71%
2024$724,919,357,560.412.44%*

* 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 * $258,682,187,409 = $724,919,357,560.41

Therefore, according to U.S. Bureau of Labor Statistics, $258,682,187,409 in 1985 has the same "purchasing power" as $724,919,357,560.41 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.

» Read more about inflation and investment.