Minneapolis/St. Paul, Minnesota prices: $300,000,000,000 in 1985 $840,706,542,056.07 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($300,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $540,706,542,056.07 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, $300,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $840,706,542,056.07 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 $300,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $300,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$300,000,000,000.003.78%
1986$303,925,233,644.861.31%
1987$312,897,196,261.682.95%
1988$328,598,130,841.125.02%
1989$342,056,074,766.364.10%
1990$356,074,766,355.144.10%
1991$365,607,476,635.512.68%
1992$378,504,672,897.203.53%
1993$390,280,373,831.783.11%
1994$402,616,822,429.913.16%
1995$412,149,532,710.282.37%
1996$425,887,850,467.293.33%
1997$435,700,934,579.442.30%
1998$443,831,775,700.931.87%
1999$457,850,467,289.723.16%
2000$476,915,887,850.474.16%
2001$494,859,813,084.113.76%
2002$503,551,401,869.161.76%
2003$512,242,990,654.211.73%
2004$526,822,429,906.542.85%
2005$541,401,869,158.882.77%
2006$550,093,457,943.931.61%
2007$564,243,925,233.642.57%
2008$585,863,551,401.873.83%
2009$582,866,355,140.19-0.51%
2010$593,629,906,542.061.85%
2011$614,969,158,878.503.59%
2012$629,324,299,065.422.33%
2013$641,526,168,224.301.94%
2014$650,503,738,317.761.40%
2015$646,449,532,710.28-0.62%
2016$656,481,308,411.221.55%
2017$670,763,551,401.872.18%
2018$686,828,971,962.622.40%
2019$701,231,775,700.932.10%
2020$709,337,383,177.571.16%
2021$743,674,766,355.144.84%
2022$799,087,850,467.297.45%
2023$820,710,280,373.832.71%
2024$840,706,542,056.072.44%*

* 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 * $300,000,000,000 = $840,706,542,056.07

Therefore, according to U.S. Bureau of Labor Statistics, $300,000,000,000 in 1985 has the same "purchasing power" as $840,706,542,056.07 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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