Minneapolis/St. Paul, Minnesota prices: $747,862,775 in 1985 $2,095,777,091.68 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($747,862,775)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,347,914,316.68 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, $747,862,775 in Minneapolis/St. Paul in the year 1985 would cost $2,095,777,091.68 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
Bananas · Educational books and supplies · Parking fees and tolls · Film and photographic supplies · More

Buying power of $747,862,775.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $747,862,775 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$747,862,775.003.78%
1986$757,647,895.421.31%
1987$780,013,884.952.95%
1988$819,154,366.645.02%
1989$852,703,350.934.10%
1990$887,650,209.584.10%
1991$911,414,073.462.68%
1992$943,565,183.413.53%
1993$972,920,544.673.11%
1994$1,003,673,780.283.16%
1995$1,027,437,644.162.37%
1996$1,061,685,565.633.33%
1997$1,086,148,366.682.30%
1998$1,106,417,544.701.87%
1999$1,141,364,403.343.16%
2000$1,188,892,131.104.16%
2001$1,233,624,110.163.76%
2002$1,255,291,162.521.76%
2003$1,276,958,214.881.73%
2004$1,313,302,947.872.85%
2005$1,349,647,680.862.77%
2006$1,371,314,733.221.61%
2007$1,406,590,092.342.57%
2008$1,460,485,137.743.83%
2009$1,453,013,499.36-0.51%
2010$1,479,845,697.431.85%
2011$1,533,041,805.663.59%
2012$1,568,827,388.912.33%
2013$1,599,245,134.681.94%
2014$1,621,625,102.951.40%
2015$1,611,518,471.43-0.62%
2016$1,636,526,443.481.55%
2017$1,672,130,303.072.18%
2018$1,712,179,403.072.40%
2019$1,748,083,805.652.10%
2020$1,768,290,079.311.16%
2021$1,853,888,914.884.84%
2022$1,992,026,857.737.45%
2023$2,045,928,892.502.71%
2024$2,095,777,091.682.44%*

* 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 * $747,862,775 = $2,095,777,091.68

Therefore, according to U.S. Bureau of Labor Statistics, $747,862,775 in 1985 has the same "purchasing power" as $2,095,777,091.68 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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