Minneapolis/St. Paul, Minnesota prices: $1,300,000,000 in 1985 $3,643,061,682.24 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($1,300,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $2,343,061,682.24 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, $1,300,000,000 in Minneapolis/St. Paul in the year 1985 would cost $3,643,061,682.24 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
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Buying power of $1,300,000,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,300,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,300,000,000.003.78%
1986$1,317,009,345.791.31%
1987$1,355,887,850.472.95%
1988$1,423,925,233.645.02%
1989$1,482,242,990.654.10%
1990$1,542,990,654.214.10%
1991$1,584,299,065.422.68%
1992$1,640,186,915.893.53%
1993$1,691,214,953.273.11%
1994$1,744,672,897.203.16%
1995$1,785,981,308.412.37%
1996$1,845,514,018.693.33%
1997$1,888,037,383.182.30%
1998$1,923,271,028.041.87%
1999$1,984,018,691.593.16%
2000$2,066,635,514.024.16%
2001$2,144,392,523.363.76%
2002$2,182,056,074.771.76%
2003$2,219,719,626.171.73%
2004$2,282,897,196.262.85%
2005$2,346,074,766.362.77%
2006$2,383,738,317.761.61%
2007$2,445,057,009.352.57%
2008$2,538,742,056.073.83%
2009$2,525,754,205.61-0.51%
2010$2,572,396,261.681.85%
2011$2,664,866,355.143.59%
2012$2,727,071,962.622.33%
2013$2,779,946,728.971.94%
2014$2,818,849,532.711.40%
2015$2,801,281,308.41-0.62%
2016$2,844,752,336.451.55%
2017$2,906,642,056.072.18%
2018$2,976,258,878.502.40%
2019$3,038,671,028.042.10%
2020$3,073,795,327.101.16%
2021$3,222,590,654.214.84%
2022$3,462,714,018.697.45%
2023$3,556,411,214.952.71%
2024$3,643,061,682.242.44%*

* 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 * $1,300,000,000 = $3,643,061,682.24

Therefore, according to U.S. Bureau of Labor Statistics, $1,300,000,000 in 1985 has the same "purchasing power" as $3,643,061,682.24 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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