Minneapolis/St. Paul, Minnesota prices: $735,000,000 in 1985 $2,059,731,028.04 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($735,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,324,731,028.04 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, $735,000,000 in Minneapolis/St. Paul in the year 1985 would cost $2,059,731,028.04 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 $735,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $735,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$735,000,000.003.78%
1986$744,616,822.431.31%
1987$766,598,130.842.95%
1988$805,065,420.565.02%
1989$838,037,383.184.10%
1990$872,383,177.574.10%
1991$895,738,317.762.68%
1992$927,336,448.603.53%
1993$956,186,915.893.11%
1994$986,411,214.953.16%
1995$1,009,766,355.142.37%
1996$1,043,425,233.643.33%
1997$1,067,467,289.722.30%
1998$1,087,387,850.471.87%
1999$1,121,733,644.863.16%
2000$1,168,443,925.234.16%
2001$1,212,406,542.063.76%
2002$1,233,700,934.581.76%
2003$1,254,995,327.101.73%
2004$1,290,714,953.272.85%
2005$1,326,434,579.442.77%
2006$1,347,728,971.961.61%
2007$1,382,397,616.822.57%
2008$1,435,365,700.933.83%
2009$1,428,022,570.09-0.51%
2010$1,454,393,271.031.85%
2011$1,506,674,439.253.59%
2012$1,541,844,532.712.33%
2013$1,571,739,112.151.94%
2014$1,593,734,158.881.40%
2015$1,583,801,355.14-0.62%
2016$1,608,379,205.611.55%
2017$1,643,370,700.932.18%
2018$1,682,730,981.312.40%
2019$1,718,017,850.472.10%
2020$1,737,876,588.791.16%
2021$1,822,003,177.574.84%
2022$1,957,765,233.647.45%
2023$2,010,740,186.922.71%
2024$2,059,731,028.042.44%*

* 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 * $735,000,000 = $2,059,731,028.04

Therefore, according to U.S. Bureau of Labor Statistics, $735,000,000 in 1985 has the same "purchasing power" as $2,059,731,028.04 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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