Minneapolis/St. Paul, Minnesota prices: $299,000,000,000 in 1985 $837,904,186,915.89 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($299,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $538,904,186,915.89 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, $299,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $837,904,186,915.89 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
Denver, Colorado · Hospital services · New trucks · Airline fares · More

Buying power of $299,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $299,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$299,000,000,000.003.78%
1986$302,912,149,532.711.31%
1987$311,854,205,607.482.95%
1988$327,502,803,738.325.02%
1989$340,915,887,850.474.10%
1990$354,887,850,467.294.10%
1991$364,388,785,046.732.68%
1992$377,242,990,654.213.53%
1993$388,979,439,252.343.11%
1994$401,274,766,355.143.16%
1995$410,775,700,934.582.37%
1996$424,468,224,299.073.33%
1997$434,248,598,130.842.30%
1998$442,352,336,448.601.87%
1999$456,324,299,065.423.16%
2000$475,326,168,224.304.16%
2001$493,210,280,373.833.76%
2002$501,872,897,196.261.76%
2003$510,535,514,018.691.73%
2004$525,066,355,140.192.85%
2005$539,597,196,261.682.77%
2006$548,259,813,084.111.61%
2007$562,363,112,149.532.57%
2008$583,910,672,897.203.83%
2009$580,923,467,289.72-0.51%
2010$591,651,140,186.921.85%
2011$612,919,261,682.243.59%
2012$627,226,551,401.872.33%
2013$639,387,747,663.551.94%
2014$648,335,392,523.361.40%
2015$644,294,700,934.58-0.62%
2016$654,293,037,383.181.55%
2017$668,527,672,897.202.18%
2018$684,539,542,056.072.40%
2019$698,894,336,448.602.10%
2020$706,972,925,233.641.16%
2021$741,195,850,467.294.84%
2022$796,424,224,299.077.45%
2023$817,974,579,439.252.71%
2024$837,904,186,915.892.44%*

* 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 * $299,000,000,000 = $837,904,186,915.89

Therefore, according to U.S. Bureau of Labor Statistics, $299,000,000,000 in 1985 has the same "purchasing power" as $837,904,186,915.89 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.