Minneapolis/St. Paul, Minnesota prices: $956,000,000 in 1985 $2,679,051,514.02 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($956,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,723,051,514.02 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, $956,000,000 in Minneapolis/St. Paul in the year 1985 would cost $2,679,051,514.02 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
New York · Fish and seafood · Minneapolis-St Paul, Minnesota · Alcoholic beverages · More

Buying power of $956,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $956,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$956,000,000.003.78%
1986$968,508,411.211.31%
1987$997,099,065.422.95%
1988$1,047,132,710.285.02%
1989$1,090,018,691.594.10%
1990$1,134,691,588.794.10%
1991$1,165,069,158.882.68%
1992$1,206,168,224.303.53%
1993$1,243,693,457.943.11%
1994$1,283,005,607.483.16%
1995$1,313,383,177.572.37%
1996$1,357,162,616.823.33%
1997$1,388,433,644.862.30%
1998$1,414,343,925.231.87%
1999$1,459,016,822.433.16%
2000$1,519,771,962.624.16%
2001$1,576,953,271.033.76%
2002$1,604,650,467.291.76%
2003$1,632,347,663.551.73%
2004$1,678,807,476.642.85%
2005$1,725,267,289.722.77%
2006$1,752,964,485.981.61%
2007$1,798,057,308.412.57%
2008$1,866,951,850.473.83%
2009$1,857,400,785.05-0.51%
2010$1,891,700,635.511.85%
2011$1,959,701,719.633.59%
2012$2,005,446,766.362.33%
2013$2,044,330,056.071.94%
2014$2,072,938,579.441.40%
2015$2,060,019,177.57-0.62%
2016$2,091,987,102.801.55%
2017$2,137,499,850.472.18%
2018$2,188,694,990.652.40%
2019$2,234,591,925.232.10%
2020$2,260,421,794.391.16%
2021$2,369,843,588.794.84%
2022$2,546,426,616.827.45%
2023$2,615,330,093.462.71%
2024$2,679,051,514.022.44%*

* 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 * $956,000,000 = $2,679,051,514.02

Therefore, according to U.S. Bureau of Labor Statistics, $956,000,000 in 1985 has the same "purchasing power" as $2,679,051,514.02 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.

» Read more about inflation and investment.