Minneapolis/St. Paul, Minnesota prices: $15,000,000,000 in 1985 $42,035,327,102.80 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($15,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $27,035,327,102.80 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, $15,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $42,035,327,102.80 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
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Buying power of $15,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $15,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$15,000,000,000.003.78%
1986$15,196,261,682.241.31%
1987$15,644,859,813.082.95%
1988$16,429,906,542.065.02%
1989$17,102,803,738.324.10%
1990$17,803,738,317.764.10%
1991$18,280,373,831.782.68%
1992$18,925,233,644.863.53%
1993$19,514,018,691.593.11%
1994$20,130,841,121.503.16%
1995$20,607,476,635.512.37%
1996$21,294,392,523.363.33%
1997$21,785,046,728.972.30%
1998$22,191,588,785.051.87%
1999$22,892,523,364.493.16%
2000$23,845,794,392.524.16%
2001$24,742,990,654.213.76%
2002$25,177,570,093.461.76%
2003$25,612,149,532.711.73%
2004$26,341,121,495.332.85%
2005$27,070,093,457.942.77%
2006$27,504,672,897.201.61%
2007$28,212,196,261.682.57%
2008$29,293,177,570.093.83%
2009$29,143,317,757.01-0.51%
2010$29,681,495,327.101.85%
2011$30,748,457,943.933.59%
2012$31,466,214,953.272.33%
2013$32,076,308,411.211.94%
2014$32,525,186,915.891.40%
2015$32,322,476,635.51-0.62%
2016$32,824,065,420.561.55%
2017$33,538,177,570.092.18%
2018$34,341,448,598.132.40%
2019$35,061,588,785.052.10%
2020$35,466,869,158.881.16%
2021$37,183,738,317.764.84%
2022$39,954,392,523.367.45%
2023$41,035,514,018.692.71%
2024$42,035,327,102.802.44%*

* 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 * $15,000,000,000 = $42,035,327,102.80

Therefore, according to U.S. Bureau of Labor Statistics, $15,000,000,000 in 1985 has the same "purchasing power" as $42,035,327,102.80 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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