Minneapolis/St. Paul, Minnesota prices: $21,080,000,000 in 1985 $59,073,646,355.14 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($21,080,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $37,993,646,355.14 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, $21,080,000,000 in Minneapolis/St. Paul in the year 1985 would cost $59,073,646,355.14 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 $21,080,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $21,080,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$21,080,000,000.003.78%
1986$21,355,813,084.111.31%
1987$21,986,242,990.652.95%
1988$23,089,495,327.105.02%
1989$24,035,140,186.924.10%
1990$25,020,186,915.894.10%
1991$25,690,018,691.592.68%
1992$26,596,261,682.243.53%
1993$27,423,700,934.583.11%
1994$28,290,542,056.073.16%
1995$28,960,373,831.782.37%
1996$29,925,719,626.173.33%
1997$30,615,252,336.452.30%
1998$31,186,579,439.251.87%
1999$32,171,626,168.223.16%
2000$33,511,289,719.634.16%
2001$34,772,149,532.713.76%
2002$35,382,878,504.671.76%
2003$35,993,607,476.641.73%
2004$37,018,056,074.772.85%
2005$38,042,504,672.902.77%
2006$38,653,233,644.861.61%
2007$39,647,539,813.082.57%
2008$41,166,678,878.503.83%
2009$40,956,075,887.85-0.51%
2010$41,712,394,766.361.85%
2011$43,211,832,897.203.59%
2012$44,220,520,747.662.33%
2013$45,077,905,420.561.94%
2014$45,708,729,345.791.40%
2015$45,423,853,831.78-0.62%
2016$46,128,753,271.031.55%
2017$47,132,318,878.502.18%
2018$48,261,182,429.912.40%
2019$49,273,219,439.252.10%
2020$49,842,773,457.941.16%
2021$52,255,546,915.894.84%
2022$56,149,239,626.177.45%
2023$57,668,575,700.932.71%
2024$59,073,646,355.142.44%*

* 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 * $21,080,000,000 = $59,073,646,355.14

Therefore, according to U.S. Bureau of Labor Statistics, $21,080,000,000 in 1985 has the same "purchasing power" as $59,073,646,355.14 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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