Minneapolis/St. Paul, Minnesota prices: $31,000,000,000 in 1995 $61,730,068,027.21 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2023 ($31,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 99.13% higher in 2023 versus 1995 (a $30,730,068,027.21 difference in value).

Between 1995 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $31,000,000,000 in Minneapolis/St. Paul in the year 1995 would cost $61,730,068,027.21 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1995: Pricing changed by 2.37%, which is below the average yearly change in Minneapolis/St. Paul during the 1995-2023 time period. Compared to inflation for all items in 1995 (2.81%), inflation in Minneapolis/St. Paul was lower.

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 $31,000,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $31,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$31,000,000,000.002.37%
1996$32,033,333,333.333.33%
1997$32,771,428,571.432.30%
1998$33,382,993,197.281.87%
1999$34,437,414,965.993.16%
2000$35,871,428,571.434.16%
2001$37,221,088,435.373.76%
2002$37,874,829,931.971.76%
2003$38,528,571,428.571.73%
2004$39,625,170,068.032.85%
2005$40,721,768,707.482.77%
2006$41,375,510,204.081.61%
2007$42,439,843,537.412.57%
2008$44,065,972,789.123.83%
2009$43,840,537,414.97-0.51%
2010$44,650,122,448.981.85%
2011$46,255,163,265.313.59%
2012$47,334,891,156.462.33%
2013$48,252,659,863.951.94%
2014$48,927,911,564.631.40%
2015$48,622,972,789.12-0.62%
2016$49,377,517,006.801.55%
2017$50,451,761,904.762.18%
2018$51,660,129,251.702.40%
2019$52,743,442,176.872.10%
2020$53,353,108,843.541.16%
2021$55,935,809,523.814.84%
2022$60,103,727,891.167.45%
2023$61,730,068,027.212.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1995 * 1995 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 147.000 in the year 1995 and 292.720 in 2023:

292.720 / 147.000 * $31,000,000,000 = $61,730,068,027.21

Therefore, according to U.S. Bureau of Labor Statistics, $31,000,000,000 in 1995 has the same "purchasing power" as $61,730,068,027.21 in 2023 (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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