Minneapolis/St. Paul, Minnesota prices: $40,000,000,000 in 1985 $112,094,205,607.48 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($40,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $72,094,205,607.48 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, $40,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $112,094,205,607.48 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
Rent of primary residence · Houston, Texas · College tuition and fees · New trucks · More

Buying power of $40,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $40,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$40,000,000,000.003.78%
1986$40,523,364,485.981.31%
1987$41,719,626,168.222.95%
1988$43,813,084,112.155.02%
1989$45,607,476,635.514.10%
1990$47,476,635,514.024.10%
1991$48,747,663,551.402.68%
1992$50,467,289,719.633.53%
1993$52,037,383,177.573.11%
1994$53,682,242,990.653.16%
1995$54,953,271,028.042.37%
1996$56,785,046,728.973.33%
1997$58,093,457,943.932.30%
1998$59,177,570,093.461.87%
1999$61,046,728,971.963.16%
2000$63,588,785,046.734.16%
2001$65,981,308,411.213.76%
2002$67,140,186,915.891.76%
2003$68,299,065,420.561.73%
2004$70,242,990,654.212.85%
2005$72,186,915,887.852.77%
2006$73,345,794,392.521.61%
2007$75,232,523,364.492.57%
2008$78,115,140,186.923.83%
2009$77,715,514,018.69-0.51%
2010$79,150,654,205.611.85%
2011$81,995,887,850.473.59%
2012$83,909,906,542.062.33%
2013$85,536,822,429.911.94%
2014$86,733,831,775.701.40%
2015$86,193,271,028.04-0.62%
2016$87,530,841,121.501.55%
2017$89,435,140,186.922.18%
2018$91,577,196,261.682.40%
2019$93,497,570,093.462.10%
2020$94,578,317,757.011.16%
2021$99,156,635,514.024.84%
2022$106,545,046,728.977.45%
2023$109,428,037,383.182.71%
2024$112,094,205,607.482.44%*

* 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 * $40,000,000,000 = $112,094,205,607.48

Therefore, according to U.S. Bureau of Labor Statistics, $40,000,000,000 in 1985 has the same "purchasing power" as $112,094,205,607.48 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.