Minneapolis/St. Paul, Minnesota prices: $4,590,000,000 in 1985 $12,862,810,093.46 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($4,590,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $8,272,810,093.46 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, $4,590,000,000 in Minneapolis/St. Paul in the year 1985 would cost $12,862,810,093.46 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
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Buying power of $4,590,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $4,590,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$4,590,000,000.003.78%
1986$4,650,056,074.771.31%
1987$4,787,327,102.802.95%
1988$5,027,551,401.875.02%
1989$5,233,457,943.934.10%
1990$5,447,943,925.234.10%
1991$5,593,794,392.522.68%
1992$5,791,121,495.333.53%
1993$5,971,289,719.633.11%
1994$6,160,037,383.183.16%
1995$6,305,887,850.472.37%
1996$6,516,084,112.153.33%
1997$6,666,224,299.072.30%
1998$6,790,626,168.221.87%
1999$7,005,112,149.533.16%
2000$7,296,813,084.114.16%
2001$7,571,355,140.193.76%
2002$7,704,336,448.601.76%
2003$7,837,317,757.011.73%
2004$8,060,383,177.572.85%
2005$8,283,448,598.132.77%
2006$8,416,429,906.541.61%
2007$8,632,932,056.072.57%
2008$8,963,712,336.453.83%
2009$8,917,855,233.64-0.51%
2010$9,082,537,570.091.85%
2011$9,409,028,130.843.59%
2012$9,628,661,775.702.33%
2013$9,815,350,373.831.94%
2014$9,952,707,196.261.40%
2015$9,890,677,850.47-0.62%
2016$10,044,164,018.691.55%
2017$10,262,682,336.452.18%
2018$10,508,483,271.032.40%
2019$10,728,846,168.222.10%
2020$10,852,861,962.621.16%
2021$11,378,223,925.234.84%
2022$12,226,044,112.157.45%
2023$12,556,867,289.722.71%
2024$12,862,810,093.462.44%*

* 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 * $4,590,000,000 = $12,862,810,093.46

Therefore, according to U.S. Bureau of Labor Statistics, $4,590,000,000 in 1985 has the same "purchasing power" as $12,862,810,093.46 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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