Minneapolis/St. Paul, Minnesota prices: $5,500,000,000 in 1985 $15,412,953,271.03 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($5,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $9,912,953,271.03 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, $5,500,000,000 in Minneapolis/St. Paul in the year 1985 would cost $15,412,953,271.03 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 $5,500,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,500,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,500,000,000.003.78%
1986$5,571,962,616.821.31%
1987$5,736,448,598.132.95%
1988$6,024,299,065.425.02%
1989$6,271,028,037.384.10%
1990$6,528,037,383.184.10%
1991$6,702,803,738.322.68%
1992$6,939,252,336.453.53%
1993$7,155,140,186.923.11%
1994$7,381,308,411.213.16%
1995$7,556,074,766.362.37%
1996$7,807,943,925.233.33%
1997$7,987,850,467.292.30%
1998$8,136,915,887.851.87%
1999$8,393,925,233.643.16%
2000$8,743,457,943.934.16%
2001$9,072,429,906.543.76%
2002$9,231,775,700.931.76%
2003$9,391,121,495.331.73%
2004$9,658,411,214.952.85%
2005$9,925,700,934.582.77%
2006$10,085,046,728.971.61%
2007$10,344,471,962.622.57%
2008$10,740,831,775.703.83%
2009$10,685,883,177.57-0.51%
2010$10,883,214,953.271.85%
2011$11,274,434,579.443.59%
2012$11,537,612,149.532.33%
2013$11,761,313,084.111.94%
2014$11,925,901,869.161.40%
2015$11,851,574,766.36-0.62%
2016$12,035,490,654.211.55%
2017$12,297,331,775.702.18%
2018$12,591,864,485.982.40%
2019$12,855,915,887.852.10%
2020$13,004,518,691.591.16%
2021$13,634,037,383.184.84%
2022$14,649,943,925.237.45%
2023$15,046,355,140.192.71%
2024$15,412,953,271.032.44%*

* 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 * $5,500,000,000 = $15,412,953,271.03

Therefore, according to U.S. Bureau of Labor Statistics, $5,500,000,000 in 1985 has the same "purchasing power" as $15,412,953,271.03 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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