Minneapolis/St. Paul, Minnesota prices: $9,500,000,000 in 1985 $26,622,373,831.78 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($9,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $17,122,373,831.78 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, $9,500,000,000 in Minneapolis/St. Paul in the year 1985 would cost $26,622,373,831.78 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
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
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Buying power of $9,500,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,500,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$9,500,000,000.003.78%
1986$9,624,299,065.421.31%
1987$9,908,411,214.952.95%
1988$10,405,607,476.645.02%
1989$10,831,775,700.934.10%
1990$11,275,700,934.584.10%
1991$11,577,570,093.462.68%
1992$11,985,981,308.413.53%
1993$12,358,878,504.673.11%
1994$12,749,532,710.283.16%
1995$13,051,401,869.162.37%
1996$13,486,448,598.133.33%
1997$13,797,196,261.682.30%
1998$14,054,672,897.201.87%
1999$14,498,598,130.843.16%
2000$15,102,336,448.604.16%
2001$15,670,560,747.663.76%
2002$15,945,794,392.521.76%
2003$16,221,028,037.381.73%
2004$16,682,710,280.372.85%
2005$17,144,392,523.362.77%
2006$17,419,626,168.221.61%
2007$17,867,724,299.072.57%
2008$18,552,345,794.393.83%
2009$18,457,434,579.44-0.51%
2010$18,798,280,373.831.85%
2011$19,474,023,364.493.59%
2012$19,928,602,803.742.33%
2013$20,314,995,327.101.94%
2014$20,599,285,046.731.40%
2015$20,470,901,869.16-0.62%
2016$20,788,574,766.361.55%
2017$21,240,845,794.392.18%
2018$21,749,584,112.152.40%
2019$22,205,672,897.202.10%
2020$22,462,350,467.291.16%
2021$23,549,700,934.584.84%
2022$25,304,448,598.137.45%
2023$25,989,158,878.502.71%
2024$26,622,373,831.782.44%*

* 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 * $9,500,000,000 = $26,622,373,831.78

Therefore, according to U.S. Bureau of Labor Statistics, $9,500,000,000 in 1985 has the same "purchasing power" as $26,622,373,831.78 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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