Minneapolis/St. Paul, Minnesota prices: $962,500,000 in 1985 $2,697,266,822.43 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($962,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,734,766,822.43 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, $962,500,000 in Minneapolis/St. Paul in the year 1985 would cost $2,697,266,822.43 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
Gasoline (all types) · Admission to sporting events · Seattle, Washington · Film and photographic supplies · More

Buying power of $962,500,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $962,500,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$962,500,000.003.78%
1986$975,093,457.941.31%
1987$1,003,878,504.672.95%
1988$1,054,252,336.455.02%
1989$1,097,429,906.544.10%
1990$1,142,406,542.064.10%
1991$1,172,990,654.212.68%
1992$1,214,369,158.883.53%
1993$1,252,149,532.713.11%
1994$1,291,728,971.963.16%
1995$1,322,313,084.112.37%
1996$1,366,390,186.923.33%
1997$1,397,873,831.782.30%
1998$1,423,960,280.371.87%
1999$1,468,936,915.893.16%
2000$1,530,105,140.194.16%
2001$1,587,675,233.643.76%
2002$1,615,560,747.661.76%
2003$1,643,446,261.681.73%
2004$1,690,221,962.622.85%
2005$1,736,997,663.552.77%
2006$1,764,883,177.571.61%
2007$1,810,282,593.462.57%
2008$1,879,645,560.753.83%
2009$1,870,029,556.07-0.51%
2010$1,904,562,616.821.85%
2011$1,973,026,051.403.59%
2012$2,019,082,126.172.33%
2013$2,058,229,789.721.94%
2014$2,087,032,827.101.40%
2015$2,074,025,584.11-0.62%
2016$2,106,210,864.491.55%
2017$2,152,033,060.752.18%
2018$2,203,576,285.052.40%
2019$2,249,785,280.372.10%
2020$2,275,790,771.031.16%
2021$2,385,956,542.064.84%
2022$2,563,740,186.927.45%
2023$2,633,112,149.532.71%
2024$2,697,266,822.432.44%*

* 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 * $962,500,000 = $2,697,266,822.43

Therefore, according to U.S. Bureau of Labor Statistics, $962,500,000 in 1985 has the same "purchasing power" as $2,697,266,822.43 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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