Minneapolis/St. Paul, Minnesota prices: $9,600,000,000 in 1985 $26,902,609,345.79 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($9,600,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $17,302,609,345.79 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, $9,600,000,000 in Minneapolis/St. Paul in the year 1985 would cost $26,902,609,345.79 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 $9,600,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,600,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$9,600,000,000.003.78%
1986$9,725,607,476.641.31%
1987$10,012,710,280.372.95%
1988$10,515,140,186.925.02%
1989$10,945,794,392.524.10%
1990$11,394,392,523.364.10%
1991$11,699,439,252.342.68%
1992$12,112,149,532.713.53%
1993$12,488,971,962.623.11%
1994$12,883,738,317.763.16%
1995$13,188,785,046.732.37%
1996$13,628,411,214.953.33%
1997$13,942,429,906.542.30%
1998$14,202,616,822.431.87%
1999$14,651,214,953.273.16%
2000$15,261,308,411.214.16%
2001$15,835,514,018.693.76%
2002$16,113,644,859.811.76%
2003$16,391,775,700.931.73%
2004$16,858,317,757.012.85%
2005$17,324,859,813.082.77%
2006$17,602,990,654.211.61%
2007$18,055,805,607.482.57%
2008$18,747,633,644.863.83%
2009$18,651,723,364.49-0.51%
2010$18,996,157,009.351.85%
2011$19,679,013,084.113.59%
2012$20,138,377,570.092.33%
2013$20,528,837,383.181.94%
2014$20,816,119,626.171.40%
2015$20,686,385,046.73-0.62%
2016$21,007,401,869.161.55%
2017$21,464,433,644.862.18%
2018$21,978,527,102.802.40%
2019$22,439,416,822.432.10%
2020$22,698,796,261.681.16%
2021$23,797,592,523.364.84%
2022$25,570,811,214.957.45%
2023$26,262,728,971.962.71%
2024$26,902,609,345.792.44%*

* 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 * $9,600,000,000 = $26,902,609,345.79

Therefore, according to U.S. Bureau of Labor Statistics, $9,600,000,000 in 1985 has the same "purchasing power" as $26,902,609,345.79 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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