Minneapolis/St. Paul, Minnesota prices: $2,847,000,000 in 1985 $7,978,305,084.11 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($2,847,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $5,131,305,084.11 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, $2,847,000,000 in Minneapolis/St. Paul in the year 1985 would cost $7,978,305,084.11 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
Milk · St Louis, Missouri · New trucks · Chicago, Illinois · More

Buying power of $2,847,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,847,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,847,000,000.003.78%
1986$2,884,250,467.291.31%
1987$2,969,394,392.522.95%
1988$3,118,396,261.685.02%
1989$3,246,112,149.534.10%
1990$3,379,149,532.714.10%
1991$3,469,614,953.272.68%
1992$3,592,009,345.793.53%
1993$3,703,760,747.663.11%
1994$3,820,833,644.863.16%
1995$3,911,299,065.422.37%
1996$4,041,675,700.933.33%
1997$4,134,801,869.162.30%
1998$4,211,963,551.401.87%
1999$4,345,000,934.583.16%
2000$4,525,931,775.704.16%
2001$4,696,219,626.173.76%
2002$4,778,702,803.741.76%
2003$4,861,185,981.311.73%
2004$4,999,544,859.812.85%
2005$5,137,903,738.322.77%
2006$5,220,386,915.891.61%
2007$5,354,674,850.472.57%
2008$5,559,845,102.803.83%
2009$5,531,401,710.28-0.51%
2010$5,633,547,813.081.85%
2011$5,836,057,317.763.59%
2012$5,972,287,598.132.33%
2013$6,088,083,336.451.94%
2014$6,173,280,476.641.40%
2015$6,134,806,065.42-0.62%
2016$6,230,007,616.821.55%
2017$6,365,546,102.802.18%
2018$6,518,006,943.932.40%
2019$6,654,689,551.402.10%
2020$6,731,611,766.361.16%
2021$7,057,473,532.714.84%
2022$7,583,343,700.937.45%
2023$7,788,540,560.752.71%
2024$7,978,305,084.112.44%*

* 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 * $2,847,000,000 = $7,978,305,084.11

Therefore, according to U.S. Bureau of Labor Statistics, $2,847,000,000 in 1985 has the same "purchasing power" as $7,978,305,084.11 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.

» Read more about inflation and investment.