Minneapolis/St. Paul, Minnesota prices: $694,000,000,000 in 1985 $1,944,834,467,289.72 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($694,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,250,834,467,289.72 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, $694,000,000,000 in Minneapolis/St. Paul in the year 1985 would cost $1,944,834,467,289.72 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 · San Diego, California · Admission to sporting events · Jewelry · More

Buying power of $694,000,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $694,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$694,000,000,000.003.78%
1986$703,080,373,831.781.31%
1987$723,835,514,018.692.95%
1988$760,157,009,345.795.02%
1989$791,289,719,626.174.10%
1990$823,719,626,168.224.10%
1991$845,771,962,616.822.68%
1992$875,607,476,635.513.53%
1993$902,848,598,130.843.11%
1994$931,386,915,887.853.16%
1995$953,439,252,336.452.37%
1996$985,220,560,747.663.33%
1997$1,007,921,495,327.102.30%
1998$1,026,730,841,121.501.87%
1999$1,059,160,747,663.553.16%
2000$1,103,265,420,560.754.16%
2001$1,144,775,700,934.583.76%
2002$1,164,882,242,990.651.76%
2003$1,184,988,785,046.731.73%
2004$1,218,715,887,850.472.85%
2005$1,252,442,990,654.212.77%
2006$1,272,549,532,710.281.61%
2007$1,305,284,280,373.832.57%
2008$1,355,297,682,242.993.83%
2009$1,348,364,168,224.30-0.51%
2010$1,373,263,850,467.291.85%
2011$1,422,628,654,205.613.59%
2012$1,455,836,878,504.672.33%
2013$1,484,063,869,158.881.94%
2014$1,504,831,981,308.411.40%
2015$1,495,453,252,336.45-0.62%
2016$1,518,660,093,457.941.55%
2017$1,551,699,682,242.992.18%
2018$1,588,864,355,140.192.40%
2019$1,622,182,841,121.502.10%
2020$1,640,933,813,084.111.16%
2021$1,720,367,626,168.224.84%
2022$1,848,556,560,747.667.45%
2023$1,898,576,448,598.132.71%
2024$1,944,834,467,289.722.44%*

* 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 * $694,000,000,000 = $1,944,834,467,289.72

Therefore, according to U.S. Bureau of Labor Statistics, $694,000,000,000 in 1985 has the same "purchasing power" as $1,944,834,467,289.72 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.