Minneapolis/St. Paul, Minnesota prices: $1,160,000,000 in 1985 $3,250,731,962.62 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($1,160,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $2,090,731,962.62 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, $1,160,000,000 in Minneapolis/St. Paul in the year 1985 would cost $3,250,731,962.62 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
Housing · Rent of primary residence · New trucks · Educational books and supplies · More

Buying power of $1,160,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,160,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,160,000,000.003.78%
1986$1,175,177,570.091.31%
1987$1,209,869,158.882.95%
1988$1,270,579,439.255.02%
1989$1,322,616,822.434.10%
1990$1,376,822,429.914.10%
1991$1,413,682,242.992.68%
1992$1,463,551,401.873.53%
1993$1,509,084,112.153.11%
1994$1,556,785,046.733.16%
1995$1,593,644,859.812.37%
1996$1,646,766,355.143.33%
1997$1,684,710,280.372.30%
1998$1,716,149,532.711.87%
1999$1,770,355,140.193.16%
2000$1,844,074,766.364.16%
2001$1,913,457,943.933.76%
2002$1,947,065,420.561.76%
2003$1,980,672,897.201.73%
2004$2,037,046,728.972.85%
2005$2,093,420,560.752.77%
2006$2,127,028,037.381.61%
2007$2,181,743,177.572.57%
2008$2,265,339,065.423.83%
2009$2,253,749,906.54-0.51%
2010$2,295,368,971.961.85%
2011$2,377,880,747.663.59%
2012$2,433,387,289.722.33%
2013$2,480,567,850.471.94%
2014$2,515,281,121.501.40%
2015$2,499,604,859.81-0.62%
2016$2,538,394,392.521.55%
2017$2,593,619,065.422.18%
2018$2,655,738,691.592.40%
2019$2,711,429,532.712.10%
2020$2,742,771,214.951.16%
2021$2,875,542,429.914.84%
2022$3,089,806,355.147.45%
2023$3,173,413,084.112.71%
2024$3,250,731,962.622.44%*

* 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 * $1,160,000,000 = $3,250,731,962.62

Therefore, according to U.S. Bureau of Labor Statistics, $1,160,000,000 in 1985 has the same "purchasing power" as $3,250,731,962.62 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.