Minneapolis/St. Paul, Minnesota prices: $41,700,000,000 in 1985 $116,858,209,345.79 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($41,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $75,158,209,345.79 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, $41,700,000,000 in Minneapolis/St. Paul in the year 1985 would cost $116,858,209,345.79 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
Juices and nonalcoholic drinks · Rent of primary residence · Gasoline (all types) · Detroit, Michigan · More

Buying power of $41,700,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $41,700,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$41,700,000,000.003.78%
1986$42,245,607,476.641.31%
1987$43,492,710,280.372.95%
1988$45,675,140,186.925.02%
1989$47,545,794,392.524.10%
1990$49,494,392,523.364.10%
1991$50,819,439,252.342.68%
1992$52,612,149,532.713.53%
1993$54,248,971,962.623.11%
1994$55,963,738,317.763.16%
1995$57,288,785,046.732.37%
1996$59,198,411,214.953.33%
1997$60,562,429,906.542.30%
1998$61,692,616,822.431.87%
1999$63,641,214,953.273.16%
2000$66,291,308,411.214.16%
2001$68,785,514,018.693.76%
2002$69,993,644,859.811.76%
2003$71,201,775,700.931.73%
2004$73,228,317,757.012.85%
2005$75,254,859,813.082.77%
2006$76,462,990,654.211.61%
2007$78,429,905,607.482.57%
2008$81,435,033,644.863.83%
2009$81,018,423,364.49-0.51%
2010$82,514,557,009.351.85%
2011$85,480,713,084.113.59%
2012$87,476,077,570.092.33%
2013$89,172,137,383.181.94%
2014$90,420,019,626.171.40%
2015$89,856,485,046.73-0.62%
2016$91,250,901,869.161.55%
2017$93,236,133,644.862.18%
2018$95,469,227,102.802.40%
2019$97,471,216,822.432.10%
2020$98,597,896,261.681.16%
2021$103,370,792,523.364.84%
2022$111,073,211,214.957.45%
2023$114,078,728,971.962.71%
2024$116,858,209,345.792.44%*

* 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 * $41,700,000,000 = $116,858,209,345.79

Therefore, according to U.S. Bureau of Labor Statistics, $41,700,000,000 in 1985 has the same "purchasing power" as $116,858,209,345.79 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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