Minneapolis/St. Paul, Minnesota prices: $7,000,000,000,000 in 1985 $19,616,485,981,308.41 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($7,000,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $12,616,485,981,308.41 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, $7,000,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $19,616,485,981,308.41 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 $7,000,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7,000,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$7,000,000,000,000.003.78%
1986$7,091,588,785,046.731.31%
1987$7,300,934,579,439.252.95%
1988$7,667,289,719,626.175.02%
1989$7,981,308,411,214.954.10%
1990$8,308,411,214,953.274.10%
1991$8,530,841,121,495.332.68%
1992$8,831,775,700,934.583.53%
1993$9,106,542,056,074.773.11%
1994$9,394,392,523,364.493.16%
1995$9,616,822,429,906.542.37%
1996$9,937,383,177,570.093.33%
1997$10,166,355,140,186.922.30%
1998$10,356,074,766,355.141.87%
1999$10,683,177,570,093.463.16%
2000$11,128,037,383,177.574.16%
2001$11,546,728,971,962.623.76%
2002$11,749,532,710,280.371.76%
2003$11,952,336,448,598.131.73%
2004$12,292,523,364,485.982.85%
2005$12,632,710,280,373.832.77%
2006$12,835,514,018,691.591.61%
2007$13,165,691,588,785.052.57%
2008$13,670,149,532,710.283.83%
2009$13,600,214,953,271.03-0.51%
2010$13,851,364,485,981.311.85%
2011$14,349,280,373,831.783.59%
2012$14,684,233,644,859.812.33%
2013$14,968,943,925,233.651.94%
2014$15,178,420,560,747.671.40%
2015$15,083,822,429,906.54-0.62%
2016$15,317,897,196,261.681.55%
2017$15,651,149,532,710.282.18%
2018$16,026,009,345,794.392.40%
2019$16,362,074,766,355.142.10%
2020$16,551,205,607,476.641.16%
2021$17,352,411,214,953.274.84%
2022$18,645,383,177,570.097.45%
2023$19,149,906,542,056.082.71%
2024$19,616,485,981,308.412.44%*

* 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 * $7,000,000,000,000 = $19,616,485,981,308.41

Therefore, according to U.S. Bureau of Labor Statistics, $7,000,000,000,000 in 1985 has the same "purchasing power" as $19,616,485,981,308.41 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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