Minneapolis/St. Paul, Minnesota prices: $2,680,000,000 in 1985 $7,510,311,775.70 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($2,680,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $4,830,311,775.70 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, $2,680,000,000 in Minneapolis/St. Paul in the year 1985 would cost $7,510,311,775.70 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
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Buying power of $2,680,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,680,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,680,000,000.003.78%
1986$2,715,065,420.561.31%
1987$2,795,214,953.272.95%
1988$2,935,476,635.515.02%
1989$3,055,700,934.584.10%
1990$3,180,934,579.444.10%
1991$3,266,093,457.942.68%
1992$3,381,308,411.213.53%
1993$3,486,504,672.903.11%
1994$3,596,710,280.373.16%
1995$3,681,869,158.882.37%
1996$3,804,598,130.843.33%
1997$3,892,261,682.242.30%
1998$3,964,897,196.261.87%
1999$4,090,130,841.123.16%
2000$4,260,448,598.134.16%
2001$4,420,747,663.553.76%
2002$4,498,392,523.361.76%
2003$4,576,037,383.181.73%
2004$4,706,280,373.832.85%
2005$4,836,523,364.492.77%
2006$4,914,168,224.301.61%
2007$5,040,579,065.422.57%
2008$5,233,714,392.523.83%
2009$5,206,939,439.25-0.51%
2010$5,303,093,831.781.85%
2011$5,493,724,485.983.59%
2012$5,621,963,738.322.33%
2013$5,730,967,102.801.94%
2014$5,811,166,728.971.40%
2015$5,774,949,158.88-0.62%
2016$5,864,566,355.141.55%
2017$5,992,154,392.522.18%
2018$6,135,672,149.532.40%
2019$6,264,337,196.262.10%
2020$6,336,747,289.721.16%
2021$6,643,494,579.444.84%
2022$7,138,518,130.847.45%
2023$7,331,678,504.672.71%
2024$7,510,311,775.702.44%*

* 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 * $2,680,000,000 = $7,510,311,775.70

Therefore, according to U.S. Bureau of Labor Statistics, $2,680,000,000 in 1985 has the same "purchasing power" as $7,510,311,775.70 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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