Minneapolis/St. Paul, Minnesota prices: $341,000,000,000 in 1985 $955,603,102,803.74 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($341,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $614,603,102,803.74 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, $341,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $955,603,102,803.74 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
New cars · College tuition and fees · Educational books and supplies · Admission to sporting events · More

Buying power of $341,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $341,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$341,000,000,000.003.78%
1986$345,461,682,242.991.31%
1987$355,659,813,084.112.95%
1988$373,506,542,056.075.02%
1989$388,803,738,317.764.10%
1990$404,738,317,757.014.10%
1991$415,573,831,775.702.68%
1992$430,233,644,859.813.53%
1993$443,618,691,588.793.11%
1994$457,641,121,495.333.16%
1995$468,476,635,514.022.37%
1996$484,092,523,364.493.33%
1997$495,246,728,971.962.30%
1998$504,488,785,046.731.87%
1999$520,423,364,485.983.16%
2000$542,094,392,523.364.16%
2001$562,490,654,205.613.76%
2002$572,370,093,457.941.76%
2003$582,249,532,710.281.73%
2004$598,821,495,327.102.85%
2005$615,393,457,943.932.77%
2006$625,272,897,196.261.61%
2007$641,357,261,682.242.57%
2008$665,931,570,093.463.83%
2009$662,524,757,009.35-0.51%
2010$674,759,327,102.801.85%
2011$699,014,943,925.233.59%
2012$715,331,953,271.032.33%
2013$729,201,411,214.951.94%
2014$739,405,915,887.851.40%
2015$734,797,635,514.02-0.62%
2016$746,200,420,560.751.55%
2017$762,434,570,093.462.18%
2018$780,695,598,130.842.40%
2019$797,066,785,046.732.10%
2020$806,280,158,878.501.16%
2021$845,310,317,757.014.84%
2022$908,296,523,364.497.45%
2023$932,874,018,691.592.71%
2024$955,603,102,803.742.44%*

* 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 * $341,000,000,000 = $955,603,102,803.74

Therefore, according to U.S. Bureau of Labor Statistics, $341,000,000,000 in 1985 has the same "purchasing power" as $955,603,102,803.74 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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