Minneapolis/St. Paul, Minnesota prices: $950,000,000 in 1985 $2,662,237,383.18 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($950,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,712,237,383.18 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, $950,000,000 in Minneapolis/St. Paul in the year 1985 would cost $2,662,237,383.18 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 $950,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $950,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$950,000,000.003.78%
1986$962,429,906.541.31%
1987$990,841,121.502.95%
1988$1,040,560,747.665.02%
1989$1,083,177,570.094.10%
1990$1,127,570,093.464.10%
1991$1,157,757,009.352.68%
1992$1,198,598,130.843.53%
1993$1,235,887,850.473.11%
1994$1,274,953,271.033.16%
1995$1,305,140,186.922.37%
1996$1,348,644,859.813.33%
1997$1,379,719,626.172.30%
1998$1,405,467,289.721.87%
1999$1,449,859,813.083.16%
2000$1,510,233,644.864.16%
2001$1,567,056,074.773.76%
2002$1,594,579,439.251.76%
2003$1,622,102,803.741.73%
2004$1,668,271,028.042.85%
2005$1,714,439,252.342.77%
2006$1,741,962,616.821.61%
2007$1,786,772,429.912.57%
2008$1,855,234,579.443.83%
2009$1,845,743,457.94-0.51%
2010$1,879,828,037.381.85%
2011$1,947,402,336.453.59%
2012$1,992,860,280.372.33%
2013$2,031,499,532.711.94%
2014$2,059,928,504.671.40%
2015$2,047,090,186.92-0.62%
2016$2,078,857,476.641.55%
2017$2,124,084,579.442.18%
2018$2,174,958,411.212.40%
2019$2,220,567,289.722.10%
2020$2,246,235,046.731.16%
2021$2,354,970,093.464.84%
2022$2,530,444,859.817.45%
2023$2,598,915,887.852.71%
2024$2,662,237,383.182.44%*

* 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 * $950,000,000 = $2,662,237,383.18

Therefore, according to U.S. Bureau of Labor Statistics, $950,000,000 in 1985 has the same "purchasing power" as $2,662,237,383.18 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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