Minneapolis/St. Paul, Minnesota prices: $6,190,000,000 in 1985 $17,346,578,317.76 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($6,190,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $11,156,578,317.76 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, $6,190,000,000 in Minneapolis/St. Paul in the year 1985 would cost $17,346,578,317.76 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 $6,190,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,190,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$6,190,000,000.003.78%
1986$6,270,990,654.211.31%
1987$6,456,112,149.532.95%
1988$6,780,074,766.365.02%
1989$7,057,757,009.354.10%
1990$7,347,009,345.794.10%
1991$7,543,700,934.582.68%
1992$7,809,813,084.113.53%
1993$8,052,785,046.733.11%
1994$8,307,327,102.803.16%
1995$8,504,018,691.592.37%
1996$8,787,485,981.313.33%
1997$8,989,962,616.822.30%
1998$9,157,728,971.961.87%
1999$9,446,981,308.413.16%
2000$9,840,364,485.984.16%
2001$10,210,607,476.643.76%
2002$10,389,943,925.231.76%
2003$10,569,280,373.831.73%
2004$10,870,102,803.742.85%
2005$11,170,925,233.642.77%
2006$11,350,261,682.241.61%
2007$11,642,232,990.652.57%
2008$12,088,317,943.933.83%
2009$12,026,475,794.39-0.51%
2010$12,248,563,738.321.85%
2011$12,688,863,644.863.59%
2012$12,985,058,037.382.33%
2013$13,236,823,271.031.94%
2014$13,422,060,467.291.40%
2015$13,338,408,691.59-0.62%
2016$13,545,397,663.551.55%
2017$13,840,087,943.932.18%
2018$14,171,571,121.502.40%
2019$14,468,748,971.962.10%
2020$14,635,994,672.901.16%
2021$15,344,489,345.794.84%
2022$16,487,845,981.317.45%
2023$16,933,988,785.052.71%
2024$17,346,578,317.762.44%*

* 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 * $6,190,000,000 = $17,346,578,317.76

Therefore, according to U.S. Bureau of Labor Statistics, $6,190,000,000 in 1985 has the same "purchasing power" as $17,346,578,317.76 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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