Minneapolis/St. Paul, Minnesota prices: $5,457,000,000 in 1985 $15,292,452,000 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($5,457,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $9,835,452,000 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, $5,457,000,000 in Minneapolis/St. Paul in the year 1985 would cost $15,292,452,000 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
Hospital services · Women's apparel · Housing · St Louis, Missouri · More

Buying power of $5,457,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,457,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,457,000,000.003.78%
1986$5,528,400,000.001.31%
1987$5,691,600,000.002.95%
1988$5,977,200,000.005.02%
1989$6,222,000,000.004.10%
1990$6,477,000,000.004.10%
1991$6,650,400,000.002.68%
1992$6,885,000,000.003.53%
1993$7,099,200,000.003.11%
1994$7,323,600,000.003.16%
1995$7,497,000,000.002.37%
1996$7,746,900,000.003.33%
1997$7,925,400,000.002.30%
1998$8,073,300,000.001.87%
1999$8,328,300,000.003.16%
2000$8,675,100,000.004.16%
2001$9,001,500,000.003.76%
2002$9,159,600,000.001.76%
2003$9,317,700,000.001.73%
2004$9,582,900,000.002.85%
2005$9,848,100,000.002.77%
2006$10,006,200,000.001.61%
2007$10,263,597,000.002.57%
2008$10,656,858,000.003.83%
2009$10,602,339,000.00-0.51%
2010$10,798,128,000.001.85%
2011$11,186,289,000.003.59%
2012$11,447,409,000.002.33%
2013$11,669,361,000.001.94%
2014$11,832,663,000.001.40%
2015$11,758,917,000.00-0.62%
2016$11,941,395,000.001.55%
2017$12,201,189,000.002.18%
2018$12,493,419,000.002.40%
2019$12,755,406,000.002.10%
2020$12,902,847,000.001.16%
2021$13,527,444,000.004.84%
2022$14,535,408,000.007.45%
2023$14,928,720,000.002.71%
2024$15,292,452,000.002.44%*

* 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 * $5,457,000,000 = $15,292,452,000

Therefore, according to U.S. Bureau of Labor Statistics, $5,457,000,000 in 1985 has the same "purchasing power" as $15,292,452,000 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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