Minneapolis/St. Paul, Minnesota prices: $2,006,437,677 in 1985 $5,622,750,937.61 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($2,006,437,677)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $3,616,313,260.61 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, $2,006,437,677 in Minneapolis/St. Paul in the year 1985 would cost $5,622,750,937.61 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 $2,006,437,677.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,006,437,677 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,006,437,677.003.78%
1986$2,032,690,132.591.31%
1987$2,092,695,745.362.95%
1988$2,197,705,567.705.02%
1989$2,287,713,986.864.10%
1990$2,381,472,756.814.10%
1991$2,445,228,720.382.68%
1992$2,531,486,788.743.53%
1993$2,610,244,155.503.11%
1994$2,692,751,873.063.16%
1995$2,756,507,836.632.37%
1996$2,848,391,431.183.33%
1997$2,914,022,570.152.30%
1998$2,968,402,656.721.87%
1999$3,062,161,426.673.16%
2000$3,189,673,353.814.16%
2001$3,309,684,579.353.76%
2002$3,367,815,016.721.76%
2003$3,425,945,454.091.73%
2004$3,523,454,574.842.85%
2005$3,620,963,695.602.77%
2006$3,679,094,132.971.61%
2007$3,773,734,235.362.57%
2008$3,918,329,010.383.83%
2009$3,898,283,385.36-0.51%
2010$3,970,271,368.931.85%
2011$4,112,990,968.563.59%
2012$4,208,999,948.992.33%
2013$4,290,607,582.361.94%
2014$4,350,650,698.631.40%
2015$4,323,535,662.36-0.62%
2016$4,390,629,438.141.55%
2017$4,486,150,872.972.18%
2018$4,593,598,423.342.40%
2019$4,689,926,183.592.10%
2020$4,744,137,504.371.16%
2021$4,973,790,235.504.84%
2022$5,344,399,901.377.45%
2023$5,489,013,428.142.71%
2024$5,622,750,937.612.44%*

* 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 * $2,006,437,677 = $5,622,750,937.61

Therefore, according to U.S. Bureau of Labor Statistics, $2,006,437,677 in 1985 has the same "purchasing power" as $5,622,750,937.61 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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