Minneapolis/St. Paul, Minnesota prices: $520,000,000 in 1985 $1,457,224,672.90 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($520,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $937,224,672.90 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, $520,000,000 in Minneapolis/St. Paul in the year 1985 would cost $1,457,224,672.90 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
Medical care · Fish and seafood · Gasoline (all types) · Electricity · More

Buying power of $520,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $520,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$520,000,000.003.78%
1986$526,803,738.321.31%
1987$542,355,140.192.95%
1988$569,570,093.465.02%
1989$592,897,196.264.10%
1990$617,196,261.684.10%
1991$633,719,626.172.68%
1992$656,074,766.363.53%
1993$676,485,981.313.11%
1994$697,869,158.883.16%
1995$714,392,523.362.37%
1996$738,205,607.483.33%
1997$755,214,953.272.30%
1998$769,308,411.211.87%
1999$793,607,476.643.16%
2000$826,654,205.614.16%
2001$857,757,009.353.76%
2002$872,822,429.911.76%
2003$887,887,850.471.73%
2004$913,158,878.502.85%
2005$938,429,906.542.77%
2006$953,495,327.101.61%
2007$978,022,803.742.57%
2008$1,015,496,822.433.83%
2009$1,010,301,682.24-0.51%
2010$1,028,958,504.671.85%
2011$1,065,946,542.063.59%
2012$1,090,828,785.052.33%
2013$1,111,978,691.591.94%
2014$1,127,539,813.081.40%
2015$1,120,512,523.36-0.62%
2016$1,137,900,934.581.55%
2017$1,162,656,822.432.18%
2018$1,190,503,551.402.40%
2019$1,215,468,411.212.10%
2020$1,229,518,130.841.16%
2021$1,289,036,261.684.84%
2022$1,385,085,607.487.45%
2023$1,422,564,485.982.71%
2024$1,457,224,672.902.44%*

* 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 * $520,000,000 = $1,457,224,672.90

Therefore, according to U.S. Bureau of Labor Statistics, $520,000,000 in 1985 has the same "purchasing power" as $1,457,224,672.90 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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