Minneapolis/St. Paul, Minnesota prices: $6,700,000,000,000 in 1985 $18,775,779,439,252.34 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($6,700,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $12,075,779,439,252.34 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, $6,700,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $18,775,779,439,252.34 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
Milk · New trucks · New York · Dental services · More

Buying power of $6,700,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,700,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$6,700,000,000,000.003.78%
1986$6,787,663,551,401.871.31%
1987$6,988,037,383,177.572.95%
1988$7,338,691,588,785.055.02%
1989$7,639,252,336,448.604.10%
1990$7,952,336,448,598.134.10%
1991$8,165,233,644,859.812.68%
1992$8,453,271,028,037.383.53%
1993$8,716,261,682,242.993.11%
1994$8,991,775,700,934.583.16%
1995$9,204,672,897,196.262.37%
1996$9,511,495,327,102.813.33%
1997$9,730,654,205,607.482.30%
1998$9,912,242,990,654.211.87%
1999$10,225,327,102,803.743.16%
2000$10,651,121,495,327.104.16%
2001$11,051,869,158,878.503.76%
2002$11,245,981,308,411.221.76%
2003$11,440,093,457,943.931.73%
2004$11,765,700,934,579.442.85%
2005$12,091,308,411,214.952.77%
2006$12,285,420,560,747.661.61%
2007$12,601,447,663,551.402.57%
2008$13,084,285,981,308.413.83%
2009$13,017,348,598,130.84-0.51%
2010$13,257,734,579,439.251.85%
2011$13,734,311,214,953.273.59%
2012$14,054,909,345,794.392.33%
2013$14,327,417,757,009.351.94%
2014$14,527,916,822,429.911.40%
2015$14,437,372,897,196.26-0.62%
2016$14,661,415,887,850.471.55%
2017$14,980,385,981,308.412.18%
2018$15,339,180,373,831.772.40%
2019$15,660,842,990,654.212.10%
2020$15,841,868,224,299.071.16%
2021$16,608,736,448,598.134.84%
2022$17,846,295,327,102.817.45%
2023$18,329,196,261,682.252.71%
2024$18,775,779,439,252.342.44%*

* 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 * $6,700,000,000,000 = $18,775,779,439,252.34

Therefore, according to U.S. Bureau of Labor Statistics, $6,700,000,000,000 in 1985 has the same "purchasing power" as $18,775,779,439,252.34 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.

» Read more about inflation and investment.