Minneapolis/St. Paul, Minnesota prices: $27,900,000,000 in 1985 $78,185,708,411.21 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($27,900,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $50,285,708,411.21 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, $27,900,000,000 in Minneapolis/St. Paul in the year 1985 would cost $78,185,708,411.21 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 $27,900,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $27,900,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$27,900,000,000.003.78%
1986$28,265,046,728.971.31%
1987$29,099,439,252.342.95%
1988$30,559,626,168.225.02%
1989$31,811,214,953.274.10%
1990$33,114,953,271.034.10%
1991$34,001,495,327.102.68%
1992$35,200,934,579.443.53%
1993$36,296,074,766.363.11%
1994$37,443,364,485.983.16%
1995$38,329,906,542.062.37%
1996$39,607,570,093.463.33%
1997$40,520,186,915.892.30%
1998$41,276,355,140.191.87%
1999$42,580,093,457.943.16%
2000$44,353,177,570.094.16%
2001$46,021,962,616.823.76%
2002$46,830,280,373.831.76%
2003$47,638,598,130.841.73%
2004$48,994,485,981.312.85%
2005$50,350,373,831.782.77%
2006$51,158,691,588.791.61%
2007$52,474,685,046.732.57%
2008$54,485,310,280.373.83%
2009$54,206,571,028.04-0.51%
2010$55,207,581,308.411.85%
2011$57,192,131,775.703.59%
2012$58,527,159,813.082.33%
2013$59,661,933,644.861.94%
2014$60,496,847,663.551.40%
2015$60,119,806,542.06-0.62%
2016$61,052,761,682.241.55%
2017$62,381,010,280.372.18%
2018$63,875,094,392.522.40%
2019$65,214,555,140.192.10%
2020$65,968,376,635.511.16%
2021$69,161,753,271.034.84%
2022$74,315,170,093.467.45%
2023$76,326,056,074.772.71%
2024$78,185,708,411.212.44%*

* 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 * $27,900,000,000 = $78,185,708,411.21

Therefore, according to U.S. Bureau of Labor Statistics, $27,900,000,000 in 1985 has the same "purchasing power" as $78,185,708,411.21 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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