Minneapolis/St. Paul, Minnesota prices: $783,112,979 in 1985 $2,194,560,682.05 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($783,112,979)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,411,447,703.05 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, $783,112,979 in Minneapolis/St. Paul in the year 1985 would cost $2,194,560,682.05 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 $783,112,979.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $783,112,979 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$783,112,979.003.78%
1986$793,359,317.041.31%
1987$816,779,518.282.95%
1988$857,764,870.465.02%
1989$892,895,172.324.10%
1990$929,489,236.764.10%
1991$954,373,200.582.68%
1992$988,039,739.863.53%
1993$1,018,778,753.993.11%
1994$1,050,981,530.703.16%
1995$1,075,865,494.512.37%
1996$1,111,727,677.663.33%
1997$1,137,343,522.772.30%
1998$1,158,568,080.151.87%
1999$1,195,162,144.593.16%
2000$1,244,930,072.224.16%
2001$1,291,770,474.713.76%
2002$1,314,458,794.661.76%
2003$1,337,147,114.611.73%
2004$1,375,204,941.632.85%
2005$1,413,262,768.642.77%
2006$1,435,951,088.601.61%
2007$1,472,889,137.242.57%
2008$1,529,324,503.423.83%
2009$1,521,500,692.44-0.51%
2010$1,549,597,615.121.85%
2011$1,605,301,100.013.59%
2012$1,642,773,421.992.33%
2013$1,674,624,895.681.94%
2014$1,698,059,734.551.40%
2015$1,687,476,731.11-0.62%
2016$1,713,663,443.631.55%
2017$1,750,945,476.482.18%
2018$1,792,882,274.322.40%
2019$1,830,479,016.132.10%
2020$1,851,637,704.191.16%
2021$1,941,271,205.634.84%
2022$2,085,920,223.547.45%
2023$2,142,362,908.532.71%
2024$2,194,560,682.052.44%*

* 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 * $783,112,979 = $2,194,560,682.05

Therefore, according to U.S. Bureau of Labor Statistics, $783,112,979 in 1985 has the same "purchasing power" as $2,194,560,682.05 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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