Minneapolis/St. Paul, Minnesota prices: $8,400,000,000 in 1985 $23,539,783,177.57 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($8,400,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $15,139,783,177.57 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, $8,400,000,000 in Minneapolis/St. Paul in the year 1985 would cost $23,539,783,177.57 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 $8,400,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,400,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$8,400,000,000.003.78%
1986$8,509,906,542.061.31%
1987$8,761,121,495.332.95%
1988$9,200,747,663.555.02%
1989$9,577,570,093.464.10%
1990$9,970,093,457.944.10%
1991$10,237,009,345.792.68%
1992$10,598,130,841.123.53%
1993$10,927,850,467.293.11%
1994$11,273,271,028.043.16%
1995$11,540,186,915.892.37%
1996$11,924,859,813.083.33%
1997$12,199,626,168.222.30%
1998$12,427,289,719.631.87%
1999$12,819,813,084.113.16%
2000$13,353,644,859.814.16%
2001$13,856,074,766.363.76%
2002$14,099,439,252.341.76%
2003$14,342,803,738.321.73%
2004$14,751,028,037.382.85%
2005$15,159,252,336.452.77%
2006$15,402,616,822.431.61%
2007$15,798,829,906.542.57%
2008$16,404,179,439.253.83%
2009$16,320,257,943.93-0.51%
2010$16,621,637,383.181.85%
2011$17,219,136,448.603.59%
2012$17,621,080,373.832.33%
2013$17,962,732,710.281.94%
2014$18,214,104,672.901.40%
2015$18,100,586,915.89-0.62%
2016$18,381,476,635.511.55%
2017$18,781,379,439.252.18%
2018$19,231,211,214.952.40%
2019$19,634,489,719.632.10%
2020$19,861,446,728.971.16%
2021$20,822,893,457.944.84%
2022$22,374,459,813.087.45%
2023$22,979,887,850.472.71%
2024$23,539,783,177.572.44%*

* 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 * $8,400,000,000 = $23,539,783,177.57

Therefore, according to U.S. Bureau of Labor Statistics, $8,400,000,000 in 1985 has the same "purchasing power" as $23,539,783,177.57 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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