Minneapolis/St. Paul, Minnesota prices: $3,000,000,000 in 1985 $8,207,102,803.74 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($3,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $5,207,102,803.74 difference in value).

Between 1985 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $3,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $8,207,102,803.74 in 2023 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 1985-2023 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
Food · Admission to sporting events · Educational books and supplies · Chicago, Illinois · More

Buying power of $3,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$3,000,000,000.003.78%
1986$3,039,252,336.451.31%
1987$3,128,971,962.622.95%
1988$3,285,981,308.415.02%
1989$3,420,560,747.664.10%
1990$3,560,747,663.554.10%
1991$3,656,074,766.362.68%
1992$3,785,046,728.973.53%
1993$3,902,803,738.323.11%
1994$4,026,168,224.303.16%
1995$4,121,495,327.102.37%
1996$4,258,878,504.673.33%
1997$4,357,009,345.792.30%
1998$4,438,317,757.011.87%
1999$4,578,504,672.903.16%
2000$4,769,158,878.504.16%
2001$4,948,598,130.843.76%
2002$5,035,514,018.691.76%
2003$5,122,429,906.541.73%
2004$5,268,224,299.072.85%
2005$5,414,018,691.592.77%
2006$5,500,934,579.441.61%
2007$5,642,439,252.342.57%
2008$5,858,635,514.023.83%
2009$5,828,663,551.40-0.51%
2010$5,936,299,065.421.85%
2011$6,149,691,588.793.59%
2012$6,293,242,990.652.33%
2013$6,415,261,682.241.94%
2014$6,505,037,383.181.40%
2015$6,464,495,327.10-0.62%
2016$6,564,813,084.111.55%
2017$6,707,635,514.022.18%
2018$6,868,289,719.632.40%
2019$7,012,317,757.012.10%
2020$7,093,373,831.781.16%
2021$7,436,747,663.554.84%
2022$7,990,878,504.677.45%
2023$8,207,102,803.742.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1985 * 1985 USD value = 2023 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 292.720 in 2023:

292.720 / 107.000 * $3,000,000,000 = $8,207,102,803.74

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000,000 in 1985 has the same "purchasing power" as $8,207,102,803.74 in 2023 (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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