Minneapolis/St. Paul, Minnesota prices: $7,400,000,000,000 in 1985 $20,737,428,037,383.18 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($7,400,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $13,337,428,037,383.18 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, $7,400,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $20,737,428,037,383.18 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 $7,400,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7,400,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$7,400,000,000,000.003.78%
1986$7,496,822,429,906.541.31%
1987$7,718,130,841,121.492.95%
1988$8,105,420,560,747.665.02%
1989$8,437,383,177,570.094.10%
1990$8,783,177,570,093.464.10%
1991$9,018,317,757,009.352.68%
1992$9,336,448,598,130.843.53%
1993$9,626,915,887,850.473.11%
1994$9,931,214,953,271.033.16%
1995$10,166,355,140,186.922.37%
1996$10,505,233,644,859.813.33%
1997$10,747,289,719,626.172.30%
1998$10,947,850,467,289.721.87%
1999$11,293,644,859,813.093.16%
2000$11,763,925,233,644.864.16%
2001$12,206,542,056,074.773.76%
2002$12,420,934,579,439.251.76%
2003$12,635,327,102,803.741.73%
2004$12,994,953,271,028.042.85%
2005$13,354,579,439,252.342.77%
2006$13,568,971,962,616.821.61%
2007$13,918,016,822,429.912.57%
2008$14,451,300,934,579.443.83%
2009$14,377,370,093,457.94-0.51%
2010$14,642,871,028,037.381.85%
2011$15,169,239,252,336.453.59%
2012$15,523,332,710,280.372.33%
2013$15,824,312,149,532.711.94%
2014$16,045,758,878,504.681.40%
2015$15,945,755,140,186.92-0.62%
2016$16,193,205,607,476.641.55%
2017$16,545,500,934,579.442.18%
2018$16,941,781,308,411.212.40%
2019$17,297,050,467,289.722.10%
2020$17,496,988,785,046.731.16%
2021$18,343,977,570,093.464.84%
2022$19,710,833,644,859.817.45%
2023$20,244,186,915,887.852.71%
2024$20,737,428,037,383.182.44%*

* 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 * $7,400,000,000,000 = $20,737,428,037,383.18

Therefore, according to U.S. Bureau of Labor Statistics, $7,400,000,000,000 in 1985 has the same "purchasing power" as $20,737,428,037,383.18 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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