Minneapolis/St. Paul, Minnesota prices: $508,963,286,286 in 1995 $1,013,494,783,412.50 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2023 ($508,963,286,286)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 99.13% higher in 2023 versus 1995 (a $504,531,497,126.50 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, $508,963,286,286 in Minneapolis/St. Paul in the year 1995 would cost $1,013,494,783,412.50 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 $508,963,286,286.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $508,963,286,286 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$508,963,286,286.002.37%
1996$525,928,729,162.203.33%
1997$538,046,902,645.202.30%
1998$548,087,674,959.691.87%
1999$565,399,351,363.973.16%
2000$588,943,231,273.804.16%
2001$611,102,177,071.293.76%
2002$621,835,416,441.941.76%
2003$632,568,655,812.601.73%
2004$650,572,799,273.062.85%
2005$668,576,942,733.512.77%
2006$679,310,182,104.171.61%
2007$696,784,588,266.662.57%
2008$723,482,655,617.353.83%
2009$719,781,419,202.11-0.51%
2010$733,073,324,345.321.85%
2011$759,425,158,167.923.59%
2012$777,152,314,805.912.33%
2013$792,220,397,948.201.94%
2014$803,306,795,517.511.40%
2015$798,300,258,701.39-0.62%
2016$810,688,494,336.301.55%
2017$828,325,630,256.982.18%
2018$848,164,811,416.292.40%
2019$865,950,827,754.062.10%
2020$875,960,439,051.011.16%
2021$918,363,659,235.674.84%
2022$986,793,253,726.537.45%
2023$1,013,494,783,412.502.71%*

* 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 * $508,963,286,286 = $1,013,494,783,412.50

Therefore, according to U.S. Bureau of Labor Statistics, $508,963,286,286 in 1995 has the same "purchasing power" as $1,013,494,783,412.50 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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