Minneapolis/St. Paul, Minnesota prices: $53,000,000,000 in 1985 $148,524,822,429.91 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($53,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $95,524,822,429.91 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, $53,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $148,524,822,429.91 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 $53,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $53,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$53,000,000,000.003.78%
1986$53,693,457,943.931.31%
1987$55,278,504,672.902.95%
1988$58,052,336,448.605.02%
1989$60,429,906,542.064.10%
1990$62,906,542,056.074.10%
1991$64,590,654,205.612.68%
1992$66,869,158,878.503.53%
1993$68,949,532,710.283.11%
1994$71,128,971,962.623.16%
1995$72,813,084,112.152.37%
1996$75,240,186,915.893.33%
1997$76,973,831,775.702.30%
1998$78,410,280,373.831.87%
1999$80,886,915,887.853.16%
2000$84,255,140,186.924.16%
2001$87,425,233,644.863.76%
2002$88,960,747,663.551.76%
2003$90,496,261,682.241.73%
2004$93,071,962,616.822.85%
2005$95,647,663,551.402.77%
2006$97,183,177,570.091.61%
2007$99,683,093,457.942.57%
2008$103,502,560,747.663.83%
2009$102,973,056,074.77-0.51%
2010$104,874,616,822.431.85%
2011$108,644,551,401.873.59%
2012$111,180,626,168.222.33%
2013$113,336,289,719.631.94%
2014$114,922,327,102.801.40%
2015$114,206,084,112.15-0.62%
2016$115,978,364,485.981.55%
2017$118,501,560,747.662.18%
2018$121,339,785,046.732.40%
2019$123,884,280,373.832.10%
2020$125,316,271,028.041.16%
2021$131,382,542,056.074.84%
2022$141,172,186,915.897.45%
2023$144,992,149,532.712.71%
2024$148,524,822,429.912.44%*

* 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 * $53,000,000,000 = $148,524,822,429.91

Therefore, according to U.S. Bureau of Labor Statistics, $53,000,000,000 in 1985 has the same "purchasing power" as $148,524,822,429.91 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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