Minneapolis/St. Paul, Minnesota prices: $850,000,000 in 1985 $2,382,001,869.16 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($850,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $1,532,001,869.16 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, $850,000,000 in Minneapolis/St. Paul in the year 1985 would cost $2,382,001,869.16 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
Airline fares · Minneapolis-St Paul, Minnesota · Medical care · Housing · More

Buying power of $850,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $850,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$850,000,000.003.78%
1986$861,121,495.331.31%
1987$886,542,056.072.95%
1988$931,028,037.385.02%
1989$969,158,878.504.10%
1990$1,008,878,504.674.10%
1991$1,035,887,850.472.68%
1992$1,072,429,906.543.53%
1993$1,105,794,392.523.11%
1994$1,140,747,663.553.16%
1995$1,167,757,009.352.37%
1996$1,206,682,242.993.33%
1997$1,234,485,981.312.30%
1998$1,257,523,364.491.87%
1999$1,297,242,990.653.16%
2000$1,351,261,682.244.16%
2001$1,402,102,803.743.76%
2002$1,426,728,971.961.76%
2003$1,451,355,140.191.73%
2004$1,492,663,551.402.85%
2005$1,533,971,962.622.77%
2006$1,558,598,130.841.61%
2007$1,598,691,121.502.57%
2008$1,659,946,728.973.83%
2009$1,651,454,672.90-0.51%
2010$1,681,951,401.871.85%
2011$1,742,412,616.823.59%
2012$1,783,085,514.022.33%
2013$1,817,657,476.641.94%
2014$1,843,093,925.231.40%
2015$1,831,607,009.35-0.62%
2016$1,860,030,373.831.55%
2017$1,900,496,728.972.18%
2018$1,946,015,420.562.40%
2019$1,986,823,364.492.10%
2020$2,009,789,252.341.16%
2021$2,107,078,504.674.84%
2022$2,264,082,242.997.45%
2023$2,325,345,794.392.71%
2024$2,382,001,869.162.44%*

* 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 * $850,000,000 = $2,382,001,869.16

Therefore, according to U.S. Bureau of Labor Statistics, $850,000,000 in 1985 has the same "purchasing power" as $2,382,001,869.16 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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