Minneapolis/St. Paul, Minnesota prices: $6,500,000,000 in 1985 $18,215,308,411.21 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($6,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $11,715,308,411.21 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, $6,500,000,000 in Minneapolis/St. Paul in the year 1985 would cost $18,215,308,411.21 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 $6,500,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,500,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$6,500,000,000.003.78%
1986$6,585,046,728.971.31%
1987$6,779,439,252.342.95%
1988$7,119,626,168.225.02%
1989$7,411,214,953.274.10%
1990$7,714,953,271.034.10%
1991$7,921,495,327.102.68%
1992$8,200,934,579.443.53%
1993$8,456,074,766.363.11%
1994$8,723,364,485.983.16%
1995$8,929,906,542.062.37%
1996$9,227,570,093.463.33%
1997$9,440,186,915.892.30%
1998$9,616,355,140.191.87%
1999$9,920,093,457.943.16%
2000$10,333,177,570.094.16%
2001$10,721,962,616.823.76%
2002$10,910,280,373.831.76%
2003$11,098,598,130.841.73%
2004$11,414,485,981.312.85%
2005$11,730,373,831.782.77%
2006$11,918,691,588.791.61%
2007$12,225,285,046.732.57%
2008$12,693,710,280.373.83%
2009$12,628,771,028.04-0.51%
2010$12,861,981,308.411.85%
2011$13,324,331,775.703.59%
2012$13,635,359,813.082.33%
2013$13,899,733,644.861.94%
2014$14,094,247,663.551.40%
2015$14,006,406,542.06-0.62%
2016$14,223,761,682.241.55%
2017$14,533,210,280.372.18%
2018$14,881,294,392.522.40%
2019$15,193,355,140.192.10%
2020$15,368,976,635.511.16%
2021$16,112,953,271.034.84%
2022$17,313,570,093.467.45%
2023$17,782,056,074.772.71%
2024$18,215,308,411.212.44%*

* 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 * $6,500,000,000 = $18,215,308,411.21

Therefore, according to U.S. Bureau of Labor Statistics, $6,500,000,000 in 1985 has the same "purchasing power" as $18,215,308,411.21 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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