Minneapolis/St. Paul, Minnesota prices: $5,600,000,000,000 in 1985 $15,693,188,785,046.73 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($5,600,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $10,093,188,785,046.73 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, $5,600,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $15,693,188,785,046.73 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 $5,600,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,600,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,600,000,000,000.003.78%
1986$5,673,271,028,037.391.31%
1987$5,840,747,663,551.402.95%
1988$6,133,831,775,700.945.02%
1989$6,385,046,728,971.964.10%
1990$6,646,728,971,962.624.10%
1991$6,824,672,897,196.262.68%
1992$7,065,420,560,747.663.53%
1993$7,285,233,644,859.813.11%
1994$7,515,514,018,691.593.16%
1995$7,693,457,943,925.232.37%
1996$7,949,906,542,056.083.33%
1997$8,133,084,112,149.532.30%
1998$8,284,859,813,084.111.87%
1999$8,546,542,056,074.773.16%
2000$8,902,429,906,542.064.16%
2001$9,237,383,177,570.093.76%
2002$9,399,626,168,224.301.76%
2003$9,561,869,158,878.501.73%
2004$9,834,018,691,588.792.85%
2005$10,106,168,224,299.062.77%
2006$10,268,411,214,953.271.61%
2007$10,532,553,271,028.042.57%
2008$10,936,119,626,168.233.83%
2009$10,880,171,962,616.82-0.51%
2010$11,081,091,588,785.051.85%
2011$11,479,424,299,065.433.59%
2012$11,747,386,915,887.852.33%
2013$11,975,155,140,186.921.94%
2014$12,142,736,448,598.131.40%
2015$12,067,057,943,925.24-0.62%
2016$12,254,317,757,009.351.55%
2017$12,520,919,626,168.232.18%
2018$12,820,807,476,635.512.40%
2019$13,089,659,813,084.112.10%
2020$13,240,964,485,981.311.16%
2021$13,881,928,971,962.624.84%
2022$14,916,306,542,056.087.45%
2023$15,319,925,233,644.862.71%
2024$15,693,188,785,046.732.44%*

* 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 * $5,600,000,000,000 = $15,693,188,785,046.73

Therefore, according to U.S. Bureau of Labor Statistics, $5,600,000,000,000 in 1985 has the same "purchasing power" as $15,693,188,785,046.73 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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