Minneapolis/St. Paul, Minnesota prices: $500,000,000,000 in 1985 $1,401,177,570,093.46 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($500,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $901,177,570,093.46 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, $500,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $1,401,177,570,093.46 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 $500,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $500,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$500,000,000,000.003.78%
1986$506,542,056,074.771.31%
1987$521,495,327,102.802.95%
1988$547,663,551,401.875.02%
1989$570,093,457,943.934.10%
1990$593,457,943,925.234.10%
1991$609,345,794,392.522.68%
1992$630,841,121,495.333.53%
1993$650,467,289,719.633.11%
1994$671,028,037,383.183.16%
1995$686,915,887,850.472.37%
1996$709,813,084,112.153.33%
1997$726,168,224,299.072.30%
1998$739,719,626,168.221.87%
1999$763,084,112,149.533.16%
2000$794,859,813,084.114.16%
2001$824,766,355,140.193.76%
2002$839,252,336,448.601.76%
2003$853,738,317,757.011.73%
2004$878,037,383,177.572.85%
2005$902,336,448,598.132.77%
2006$916,822,429,906.541.61%
2007$940,406,542,056.072.57%
2008$976,439,252,336.453.83%
2009$971,443,925,233.64-0.51%
2010$989,383,177,570.091.85%
2011$1,024,948,598,130.843.59%
2012$1,048,873,831,775.702.33%
2013$1,069,210,280,373.831.94%
2014$1,084,172,897,196.261.40%
2015$1,077,415,887,850.47-0.62%
2016$1,094,135,514,018.691.55%
2017$1,117,939,252,336.452.18%
2018$1,144,714,953,271.032.40%
2019$1,168,719,626,168.222.10%
2020$1,182,228,971,962.621.16%
2021$1,239,457,943,925.234.84%
2022$1,331,813,084,112.157.45%
2023$1,367,850,467,289.722.71%
2024$1,401,177,570,093.462.44%*

* 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 * $500,000,000,000 = $1,401,177,570,093.46

Therefore, according to U.S. Bureau of Labor Statistics, $500,000,000,000 in 1985 has the same "purchasing power" as $1,401,177,570,093.46 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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