Minneapolis/St. Paul, Minnesota prices: $9,700,000,000 in 1985 $27,182,844,859.81 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($9,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $17,482,844,859.81 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, $9,700,000,000 in Minneapolis/St. Paul in the year 1985 would cost $27,182,844,859.81 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
Legal services · Rent of primary residence · Food · New cars · More

Buying power of $9,700,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,700,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$9,700,000,000.003.78%
1986$9,826,915,887.851.31%
1987$10,117,009,345.792.95%
1988$10,624,672,897.205.02%
1989$11,059,813,084.114.10%
1990$11,513,084,112.154.10%
1991$11,821,308,411.212.68%
1992$12,238,317,757.013.53%
1993$12,619,065,420.563.11%
1994$13,017,943,925.233.16%
1995$13,326,168,224.302.37%
1996$13,770,373,831.783.33%
1997$14,087,663,551.402.30%
1998$14,350,560,747.661.87%
1999$14,803,831,775.703.16%
2000$15,420,280,373.834.16%
2001$16,000,467,289.723.76%
2002$16,281,495,327.101.76%
2003$16,562,523,364.491.73%
2004$17,033,925,233.642.85%
2005$17,505,327,102.802.77%
2006$17,786,355,140.191.61%
2007$18,243,886,915.892.57%
2008$18,942,921,495.333.83%
2009$18,846,012,149.53-0.51%
2010$19,194,033,644.861.85%
2011$19,884,002,803.743.59%
2012$20,348,152,336.452.33%
2013$20,742,679,439.251.94%
2014$21,032,954,205.611.40%
2015$20,901,868,224.30-0.62%
2016$21,226,228,971.961.55%
2017$21,688,021,495.332.18%
2018$22,207,470,093.462.40%
2019$22,673,160,747.662.10%
2020$22,935,242,056.071.16%
2021$24,045,484,112.154.84%
2022$25,837,173,831.787.45%
2023$26,536,299,065.422.71%
2024$27,182,844,859.812.44%*

* 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 * $9,700,000,000 = $27,182,844,859.81

Therefore, according to U.S. Bureau of Labor Statistics, $9,700,000,000 in 1985 has the same "purchasing power" as $27,182,844,859.81 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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