Minneapolis/St. Paul, Minnesota prices: $1,008,000,000 in 1985 $2,824,773,981.31 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,008,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,816,773,981.31 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, $1,008,000,000 in Minneapolis/St. Paul in the year 1985 would cost $2,824,773,981.31 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
Film and photographic supplies · College tuition and fees · Legal services · Minneapolis-St Paul, Minnesota · More

Buying power of $1,008,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,008,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,008,000,000.003.78%
1986$1,021,188,785.051.31%
1987$1,051,334,579.442.95%
1988$1,104,089,719.635.02%
1989$1,149,308,411.214.10%
1990$1,196,411,214.954.10%
1991$1,228,441,121.502.68%
1992$1,271,775,700.933.53%
1993$1,311,342,056.073.11%
1994$1,352,792,523.363.16%
1995$1,384,822,429.912.37%
1996$1,430,983,177.573.33%
1997$1,463,955,140.192.30%
1998$1,491,274,766.361.87%
1999$1,538,377,570.093.16%
2000$1,602,437,383.184.16%
2001$1,662,728,971.963.76%
2002$1,691,932,710.281.76%
2003$1,721,136,448.601.73%
2004$1,770,123,364.492.85%
2005$1,819,110,280.372.77%
2006$1,848,314,018.691.61%
2007$1,895,859,588.792.57%
2008$1,968,501,532.713.83%
2009$1,958,430,953.27-0.51%
2010$1,994,596,485.981.85%
2011$2,066,296,373.833.59%
2012$2,114,529,644.862.33%
2013$2,155,527,925.231.94%
2014$2,185,692,560.751.40%
2015$2,172,070,429.91-0.62%
2016$2,205,777,196.261.55%
2017$2,253,765,532.712.18%
2018$2,307,745,345.792.40%
2019$2,356,138,766.362.10%
2020$2,383,373,607.481.16%
2021$2,498,747,214.954.84%
2022$2,684,935,177.577.45%
2023$2,757,586,542.062.71%
2024$2,824,773,981.312.44%*

* 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 * $1,008,000,000 = $2,824,773,981.31

Therefore, according to U.S. Bureau of Labor Statistics, $1,008,000,000 in 1985 has the same "purchasing power" as $2,824,773,981.31 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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