Minneapolis/St. Paul, Minnesota prices: $63,000,000,000 in 1985 $172,349,158,878.50 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2023 ($63,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 173.57% higher in 2023 versus 1985 (a $109,349,158,878.50 difference in value).

Between 1985 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $63,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $172,349,158,878.50 in 2023 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 1985-2023 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
Legal services · Bananas · Educational books and supplies · Alcoholic beverages · More

Buying power of $63,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $63,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$63,000,000,000.003.78%
1986$63,824,299,065.421.31%
1987$65,708,411,214.952.95%
1988$69,005,607,476.645.02%
1989$71,831,775,700.934.10%
1990$74,775,700,934.584.10%
1991$76,777,570,093.462.68%
1992$79,485,981,308.413.53%
1993$81,958,878,504.673.11%
1994$84,549,532,710.283.16%
1995$86,551,401,869.162.37%
1996$89,436,448,598.133.33%
1997$91,497,196,261.682.30%
1998$93,204,672,897.201.87%
1999$96,148,598,130.843.16%
2000$100,152,336,448.604.16%
2001$103,920,560,747.663.76%
2002$105,745,794,392.521.76%
2003$107,571,028,037.381.73%
2004$110,632,710,280.372.85%
2005$113,694,392,523.362.77%
2006$115,519,626,168.221.61%
2007$118,491,224,299.072.57%
2008$123,031,345,794.393.83%
2009$122,401,934,579.44-0.51%
2010$124,662,280,373.831.85%
2011$129,143,523,364.493.59%
2012$132,158,102,803.742.33%
2013$134,720,495,327.101.94%
2014$136,605,785,046.731.40%
2015$135,754,401,869.16-0.62%
2016$137,861,074,766.361.55%
2017$140,860,345,794.392.18%
2018$144,234,084,112.152.40%
2019$147,258,672,897.202.10%
2020$148,960,850,467.291.16%
2021$156,171,700,934.584.84%
2022$167,808,448,598.137.45%
2023$172,349,158,878.502.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1985 * 1985 USD value = 2023 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 292.720 in 2023:

292.720 / 107.000 * $63,000,000,000 = $172,349,158,878.50

Therefore, according to U.S. Bureau of Labor Statistics, $63,000,000,000 in 1985 has the same "purchasing power" as $172,349,158,878.50 in 2023 (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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