Minneapolis/St. Paul, Minnesota prices: $582,000,000,000 in 1985 $1,630,970,691,588.79 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($582,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,048,970,691,588.79 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, $582,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $1,630,970,691,588.79 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
Gasoline (all types) · Bread · Women's apparel · New trucks · More

Buying power of $582,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $582,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$582,000,000,000.003.78%
1986$589,614,953,271.031.31%
1987$607,020,560,747.662.95%
1988$637,480,373,831.785.02%
1989$663,588,785,046.734.10%
1990$690,785,046,728.974.10%
1991$709,278,504,672.902.68%
1992$734,299,065,420.563.53%
1993$757,143,925,233.643.11%
1994$781,076,635,514.023.16%
1995$799,570,093,457.942.37%
1996$826,222,429,906.543.33%
1997$845,259,813,084.112.30%
1998$861,033,644,859.811.87%
1999$888,229,906,542.063.16%
2000$925,216,822,429.914.16%
2001$960,028,037,383.183.76%
2002$976,889,719,626.171.76%
2003$993,751,401,869.161.73%
2004$1,022,035,514,018.692.85%
2005$1,050,319,626,168.222.77%
2006$1,067,181,308,411.211.61%
2007$1,094,633,214,953.272.57%
2008$1,136,575,289,719.633.83%
2009$1,130,760,728,971.96-0.51%
2010$1,151,642,018,691.591.85%
2011$1,193,040,168,224.303.59%
2012$1,220,889,140,186.922.33%
2013$1,244,560,766,355.141.94%
2014$1,261,977,252,336.451.40%
2015$1,254,112,093,457.94-0.62%
2016$1,273,573,738,317.761.55%
2017$1,301,281,289,719.632.18%
2018$1,332,448,205,607.482.40%
2019$1,360,389,644,859.812.10%
2020$1,376,114,523,364.491.16%
2021$1,442,729,046,728.974.84%
2022$1,550,230,429,906.547.45%
2023$1,592,177,943,925.232.71%
2024$1,630,970,691,588.792.44%*

* 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 * $582,000,000,000 = $1,630,970,691,588.79

Therefore, according to U.S. Bureau of Labor Statistics, $582,000,000,000 in 1985 has the same "purchasing power" as $1,630,970,691,588.79 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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