Minneapolis/St. Paul, Minnesota prices: $13,117,141,838 in 1985 $36,758,889,854.28 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($13,117,141,838)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $23,641,748,016.28 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, $13,117,141,838 in Minneapolis/St. Paul in the year 1985 would cost $36,758,889,854.28 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) · Chicago, Illinois · St Louis, Missouri · Milk · More

Buying power of $13,117,141,838.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $13,117,141,838 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$13,117,141,838.003.78%
1986$13,288,767,992.891.31%
1987$13,681,056,346.922.95%
1988$14,367,560,966.485.02%
1989$14,955,993,497.534.10%
1990$15,568,944,050.714.10%
1991$15,985,750,426.872.68%
1992$16,549,664,935.793.53%
1993$17,064,543,400.463.11%
1994$17,603,939,887.263.16%
1995$18,020,746,263.422.37%
1996$18,621,437,805.533.33%
1997$19,050,503,192.762.30%
1998$19,406,014,513.601.87%
1999$20,018,965,066.783.16%
2000$20,852,577,819.104.16%
2001$21,637,154,527.173.76%
2002$22,017,183,870.141.76%
2003$22,397,213,213.111.73%
2004$23,034,681,788.412.85%
2005$23,672,150,363.722.77%
2006$24,052,179,706.691.61%
2007$24,670,891,995.072.57%
2008$25,616,184,338.183.83%
2009$25,485,135,509.91-0.51%
2010$25,955,758,944.641.85%
2011$26,888,792,276.683.59%
2012$27,516,453,643.142.33%
2013$28,049,965,804.621.94%
2014$28,442,499,338.881.40%
2015$28,265,234,038.90-0.62%
2016$28,703,861,454.751.55%
2017$29,328,335,478.332.18%
2018$30,030,776,812.272.40%
2019$30,660,522,210.612.10%
2020$31,014,930,220.451.16%
2021$32,516,291,305.414.84%
2022$34,939,162,252.017.45%
2023$35,884,577,185.232.71%
2024$36,758,889,854.282.44%*

* 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 * $13,117,141,838 = $36,758,889,854.28

Therefore, according to U.S. Bureau of Labor Statistics, $13,117,141,838 in 1985 has the same "purchasing power" as $36,758,889,854.28 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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