Minneapolis/St. Paul, Minnesota prices: $2,600,000,000 in 1985 $7,286,123,364.49 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($2,600,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $4,686,123,364.49 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, $2,600,000,000 in Minneapolis/St. Paul in the year 1985 would cost $7,286,123,364.49 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
Fish and seafood · Women's apparel · New trucks · College tuition and fees · More

Buying power of $2,600,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,600,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,600,000,000.003.78%
1986$2,634,018,691.591.31%
1987$2,711,775,700.932.95%
1988$2,847,850,467.295.02%
1989$2,964,485,981.314.10%
1990$3,085,981,308.414.10%
1991$3,168,598,130.842.68%
1992$3,280,373,831.783.53%
1993$3,382,429,906.543.11%
1994$3,489,345,794.393.16%
1995$3,571,962,616.822.37%
1996$3,691,028,037.383.33%
1997$3,776,074,766.362.30%
1998$3,846,542,056.071.87%
1999$3,968,037,383.183.16%
2000$4,133,271,028.044.16%
2001$4,288,785,046.733.76%
2002$4,364,112,149.531.76%
2003$4,439,439,252.341.73%
2004$4,565,794,392.522.85%
2005$4,692,149,532.712.77%
2006$4,767,476,635.511.61%
2007$4,890,114,018.692.57%
2008$5,077,484,112.153.83%
2009$5,051,508,411.21-0.51%
2010$5,144,792,523.361.85%
2011$5,329,732,710.283.59%
2012$5,454,143,925.232.33%
2013$5,559,893,457.941.94%
2014$5,637,699,065.421.40%
2015$5,602,562,616.82-0.62%
2016$5,689,504,672.901.55%
2017$5,813,284,112.152.18%
2018$5,952,517,757.012.40%
2019$6,077,342,056.072.10%
2020$6,147,590,654.211.16%
2021$6,445,181,308.414.84%
2022$6,925,428,037.387.45%
2023$7,112,822,429.912.71%
2024$7,286,123,364.492.44%*

* 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 * $2,600,000,000 = $7,286,123,364.49

Therefore, according to U.S. Bureau of Labor Statistics, $2,600,000,000 in 1985 has the same "purchasing power" as $7,286,123,364.49 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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