Minneapolis/St. Paul, Minnesota prices: $11,000,000,000 in 1995 $22,437,904,761.90 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($11,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $11,437,904,761.90 difference in value).

Between 1995 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $11,000,000,000 in Minneapolis/St. Paul in the year 1995 would cost $22,437,904,761.90 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% 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 1995-2024 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 $11,000,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $11,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$11,000,000,000.002.37%
1996$11,366,666,666.673.33%
1997$11,628,571,428.572.30%
1998$11,845,578,231.291.87%
1999$12,219,727,891.163.16%
2000$12,728,571,428.574.16%
2001$13,207,482,993.203.76%
2002$13,439,455,782.311.76%
2003$13,671,428,571.431.73%
2004$14,060,544,217.692.85%
2005$14,449,659,863.952.77%
2006$14,681,632,653.061.61%
2007$15,059,299,319.732.57%
2008$15,636,312,925.173.83%
2009$15,556,319,727.89-0.51%
2010$15,843,591,836.731.85%
2011$16,413,122,448.983.59%
2012$16,796,251,700.682.33%
2013$17,121,911,564.631.94%
2014$17,361,517,006.801.40%
2015$17,253,312,925.17-0.62%
2016$17,521,054,421.771.55%
2017$17,902,238,095.242.18%
2018$18,331,013,605.442.40%
2019$18,715,414,965.992.10%
2020$18,931,748,299.321.16%
2021$19,848,190,476.194.84%
2022$21,327,129,251.707.45%
2023$21,904,217,687.072.71%
2024$22,437,904,761.902.44%*

* 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 1995 * 1995 USD value = 2024 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 299.852 in 2024:

299.852 / 147.000 * $11,000,000,000 = $22,437,904,761.90

Therefore, according to U.S. Bureau of Labor Statistics, $11,000,000,000 in 1995 has the same "purchasing power" as $22,437,904,761.90 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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