Minneapolis/St. Paul, Minnesota prices: $775,000,000 in 1985 $2,171,825,233.64 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($775,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,396,825,233.64 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, $775,000,000 in Minneapolis/St. Paul in the year 1985 would cost $2,171,825,233.64 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
Wireless telephone services · Educational books and supplies · Public transportation · Electricity · More

Buying power of $775,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $775,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$775,000,000.003.78%
1986$785,140,186.921.31%
1987$808,317,757.012.95%
1988$848,878,504.675.02%
1989$883,644,859.814.10%
1990$919,859,813.084.10%
1991$944,485,981.312.68%
1992$977,803,738.323.53%
1993$1,008,224,299.073.11%
1994$1,040,093,457.943.16%
1995$1,064,719,626.172.37%
1996$1,100,210,280.373.33%
1997$1,125,560,747.662.30%
1998$1,146,565,420.561.87%
1999$1,182,780,373.833.16%
2000$1,232,032,710.284.16%
2001$1,278,387,850.473.76%
2002$1,300,841,121.501.76%
2003$1,323,294,392.521.73%
2004$1,360,957,943.932.85%
2005$1,398,621,495.332.77%
2006$1,421,074,766.361.61%
2007$1,457,630,140.192.57%
2008$1,513,480,841.123.83%
2009$1,505,738,084.11-0.51%
2010$1,533,543,925.231.85%
2011$1,588,670,327.103.59%
2012$1,625,754,439.252.33%
2013$1,657,275,934.581.94%
2014$1,680,467,990.651.40%
2015$1,669,994,626.17-0.62%
2016$1,695,910,046.731.55%
2017$1,732,805,841.122.18%
2018$1,774,308,177.572.40%
2019$1,811,515,420.562.10%
2020$1,832,454,906.541.16%
2021$1,921,159,813.084.84%
2022$2,064,310,280.377.45%
2023$2,120,168,224.302.71%
2024$2,171,825,233.642.44%*

* 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 * $775,000,000 = $2,171,825,233.64

Therefore, according to U.S. Bureau of Labor Statistics, $775,000,000 in 1985 has the same "purchasing power" as $2,171,825,233.64 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.