Minneapolis/St. Paul, Minnesota prices: $74,000,000,000 in 1985 $207,374,280,373.83 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($74,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $133,374,280,373.83 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, $74,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $207,374,280,373.83 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 $74,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $74,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$74,000,000,000.003.78%
1986$74,968,224,299.071.31%
1987$77,181,308,411.212.95%
1988$81,054,205,607.485.02%
1989$84,373,831,775.704.10%
1990$87,831,775,700.934.10%
1991$90,183,177,570.092.68%
1992$93,364,485,981.313.53%
1993$96,269,158,878.503.11%
1994$99,312,149,532.713.16%
1995$101,663,551,401.872.37%
1996$105,052,336,448.603.33%
1997$107,472,897,196.262.30%
1998$109,478,504,672.901.87%
1999$112,936,448,598.133.16%
2000$117,639,252,336.454.16%
2001$122,065,420,560.753.76%
2002$124,209,345,794.391.76%
2003$126,353,271,028.041.73%
2004$129,949,532,710.282.85%
2005$133,545,794,392.522.77%
2006$135,689,719,626.171.61%
2007$139,180,168,224.302.57%
2008$144,513,009,345.793.83%
2009$143,773,700,934.58-0.51%
2010$146,428,710,280.371.85%
2011$151,692,392,523.363.59%
2012$155,233,327,102.802.33%
2013$158,243,121,495.331.94%
2014$160,457,588,785.051.40%
2015$159,457,551,401.87-0.62%
2016$161,932,056,074.771.55%
2017$165,455,009,345.792.18%
2018$169,417,813,084.112.40%
2019$172,970,504,672.902.10%
2020$174,969,887,850.471.16%
2021$183,439,775,700.934.84%
2022$197,108,336,448.607.45%
2023$202,441,869,158.882.71%
2024$207,374,280,373.832.44%*

* 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 * $74,000,000,000 = $207,374,280,373.83

Therefore, according to U.S. Bureau of Labor Statistics, $74,000,000,000 in 1985 has the same "purchasing power" as $207,374,280,373.83 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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