Minneapolis/St. Paul, Minnesota prices: $5,000,000,000,000,000 in 1985 $14,011,775,700,934,580 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($5,000,000,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $9,011,775,700,934,580 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, $5,000,000,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $14,011,775,700,934,580 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
Educational books and supplies · Admission to sporting events · Tampa, Florida · Boston, Massachusetts · More

Buying power of $5,000,000,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,000,000,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,000,000,000,000,000.003.78%
1986$5,065,420,560,747,665.001.31%
1987$5,214,953,271,028,036.002.95%
1988$5,476,635,514,018,692.005.02%
1989$5,700,934,579,439,252.004.10%
1990$5,934,579,439,252,337.004.10%
1991$6,093,457,943,925,234.002.68%
1992$6,308,411,214,953,271.003.53%
1993$6,504,672,897,196,262.003.11%
1994$6,710,280,373,831,776.003.16%
1995$6,869,158,878,504,673.002.37%
1996$7,098,130,841,121,495.003.33%
1997$7,261,682,242,990,653.002.30%
1998$7,397,196,261,682,243.001.87%
1999$7,630,841,121,495,327.003.16%
2000$7,948,598,130,841,121.004.16%
2001$8,247,663,551,401,869.003.76%
2002$8,392,523,364,485,981.001.76%
2003$8,537,383,177,570,092.001.73%
2004$8,780,373,831,775,700.002.85%
2005$9,023,364,485,981,308.002.77%
2006$9,168,224,299,065,418.001.61%
2007$9,404,065,420,560,746.002.57%
2008$9,764,392,523,364,486.003.83%
2009$9,714,439,252,336,448.00-0.51%
2010$9,893,831,775,700,934.001.85%
2011$10,249,485,981,308,412.003.59%
2012$10,488,738,317,757,008.002.33%
2013$10,692,102,803,738,318.001.94%
2014$10,841,728,971,962,616.001.40%
2015$10,774,158,878,504,672.00-0.62%
2016$10,941,355,140,186,916.001.55%
2017$11,179,392,523,364,486.002.18%
2018$11,447,149,532,710,278.002.40%
2019$11,687,196,261,682,242.002.10%
2020$11,822,289,719,626,168.001.16%
2021$12,394,579,439,252,340.004.84%
2022$13,318,130,841,121,496.007.45%
2023$13,678,504,672,897,198.002.71%
2024$14,011,775,700,934,580.002.44%*

* 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 * $5,000,000,000,000,000 = $14,011,775,700,934,580

Therefore, according to U.S. Bureau of Labor Statistics, $5,000,000,000,000,000 in 1985 has the same "purchasing power" as $14,011,775,700,934,580 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.