Minneapolis/St. Paul, Minnesota prices: $2,254,188,869 in 1985 $6,317,037,763.99 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($2,254,188,869)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $4,062,848,894.99 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, $2,254,188,869 in Minneapolis/St. Paul in the year 1985 would cost $6,317,037,763.99 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
Hospital services · Minneapolis-St Paul, Minnesota · St Louis, Missouri · Film and photographic supplies · More

Buying power of $2,254,188,869.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,254,188,869 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,254,188,869.003.78%
1986$2,283,682,928.971.31%
1987$2,351,097,923.182.95%
1988$2,469,074,163.055.02%
1989$2,570,196,654.374.10%
1990$2,675,532,582.834.10%
1991$2,747,161,014.182.68%
1992$2,844,070,068.363.53%
1993$2,932,552,248.273.11%
1994$3,025,247,865.313.16%
1995$3,096,876,296.662.37%
1996$3,200,105,506.553.33%
1997$3,273,840,656.472.30%
1998$3,334,935,494.981.87%
1999$3,440,271,423.443.16%
2000$3,583,528,286.144.16%
2001$3,718,358,274.573.76%
2002$3,783,666,550.211.76%
2003$3,848,974,825.851.73%
2004$3,958,524,191.452.85%
2005$4,068,073,557.052.77%
2006$4,133,381,832.691.61%
2007$4,239,707,918.882.57%
2008$4,402,156,987.743.83%
2009$4,379,636,166.24-0.51%
2010$4,460,513,092.111.85%
2011$4,620,855,442.413.59%
2012$4,728,719,433.152.33%
2013$4,820,403,825.281.94%
2014$4,887,860,953.861.40%
2015$4,857,397,803.35-0.62%
2016$4,932,776,193.761.55%
2017$5,040,092,437.672.18%
2018$5,160,807,411.682.40%
2019$5,269,029,544.582.10%
2020$5,329,934,778.411.16%
2021$5,587,944,601.584.84%
2022$6,004,316,459.597.45%
2023$6,166,786,595.642.71%
2024$6,317,037,763.992.44%*

* 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 * $2,254,188,869 = $6,317,037,763.99

Therefore, according to U.S. Bureau of Labor Statistics, $2,254,188,869 in 1985 has the same "purchasing power" as $6,317,037,763.99 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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