Minneapolis/St. Paul, Minnesota prices: $41,000,000,000 in 1985 $114,896,560,747.66 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($41,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $73,896,560,747.66 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, $41,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $114,896,560,747.66 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 $41,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $41,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$41,000,000,000.003.78%
1986$41,536,448,598.131.31%
1987$42,762,616,822.432.95%
1988$44,908,411,214.955.02%
1989$46,747,663,551.404.10%
1990$48,663,551,401.874.10%
1991$49,966,355,140.192.68%
1992$51,728,971,962.623.53%
1993$53,338,317,757.013.11%
1994$55,024,299,065.423.16%
1995$56,327,102,803.742.37%
1996$58,204,672,897.203.33%
1997$59,545,794,392.522.30%
1998$60,657,009,345.791.87%
1999$62,572,897,196.263.16%
2000$65,178,504,672.904.16%
2001$67,630,841,121.503.76%
2002$68,818,691,588.791.76%
2003$70,006,542,056.071.73%
2004$71,999,065,420.562.85%
2005$73,991,588,785.052.77%
2006$75,179,439,252.341.61%
2007$77,113,336,448.602.57%
2008$80,068,018,691.593.83%
2009$79,658,401,869.16-0.51%
2010$81,129,420,560.751.85%
2011$84,045,785,046.733.59%
2012$86,007,654,205.612.33%
2013$87,675,242,990.651.94%
2014$88,902,177,570.091.40%
2015$88,348,102,803.74-0.62%
2016$89,719,112,149.531.55%
2017$91,671,018,691.592.18%
2018$93,866,626,168.222.40%
2019$95,835,009,345.792.10%
2020$96,942,775,700.931.16%
2021$101,635,551,401.874.84%
2022$109,208,672,897.207.45%
2023$112,163,738,317.762.71%
2024$114,896,560,747.662.44%*

* 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 * $41,000,000,000 = $114,896,560,747.66

Therefore, according to U.S. Bureau of Labor Statistics, $41,000,000,000 in 1985 has the same "purchasing power" as $114,896,560,747.66 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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