Minneapolis/St. Paul, Minnesota prices: $29,700,000,000 in 1985 $83,229,947,663.55 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($29,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $53,529,947,663.55 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, $29,700,000,000 in Minneapolis/St. Paul in the year 1985 would cost $83,229,947,663.55 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
Frankfurters · Fresh fruits · Legal services · Juices and nonalcoholic drinks · More

Buying power of $29,700,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $29,700,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$29,700,000,000.003.78%
1986$30,088,598,130.841.31%
1987$30,976,822,429.912.95%
1988$32,531,214,953.275.02%
1989$33,863,551,401.874.10%
1990$35,251,401,869.164.10%
1991$36,195,140,186.922.68%
1992$37,471,962,616.823.53%
1993$38,637,757,009.353.11%
1994$39,859,065,420.563.16%
1995$40,802,803,738.322.37%
1996$42,162,897,196.263.33%
1997$43,134,392,523.362.30%
1998$43,939,345,794.391.87%
1999$45,327,196,261.683.16%
2000$47,214,672,897.204.16%
2001$48,991,121,495.333.76%
2002$49,851,588,785.051.76%
2003$50,712,056,074.771.73%
2004$52,155,420,560.752.85%
2005$53,598,785,046.732.77%
2006$54,459,252,336.451.61%
2007$55,860,148,598.132.57%
2008$58,000,491,588.793.83%
2009$57,703,769,158.88-0.51%
2010$58,769,360,747.661.85%
2011$60,881,946,728.973.59%
2012$62,303,105,607.482.33%
2013$63,511,090,654.211.94%
2014$64,399,870,093.461.40%
2015$63,998,503,738.32-0.62%
2016$64,991,649,532.711.55%
2017$66,405,591,588.792.18%
2018$67,996,068,224.302.40%
2019$69,421,945,794.392.10%
2020$70,224,400,934.581.16%
2021$73,623,801,869.164.84%
2022$79,109,697,196.267.45%
2023$81,250,317,757.012.71%
2024$83,229,947,663.552.44%*

* 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 * $29,700,000,000 = $83,229,947,663.55

Therefore, according to U.S. Bureau of Labor Statistics, $29,700,000,000 in 1985 has the same "purchasing power" as $83,229,947,663.55 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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