Minneapolis/St. Paul, Minnesota prices: $11,280,591 in 1995 $22,462,956.45 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2023 ($11,280,591)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 99.13% higher in 2023 versus 1995 (a $11,182,365.45 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, $11,280,591 in Minneapolis/St. Paul in the year 1995 would cost $22,462,956.45 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 $11,280,591.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $11,280,591 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$11,280,591.002.37%
1996$11,656,610.703.33%
1997$11,925,196.202.30%
1998$12,147,738.471.87%
1999$12,531,432.043.16%
2000$13,053,255.304.16%
2001$13,544,383.073.76%
2002$13,782,273.091.76%
2003$14,020,163.101.73%
2004$14,419,204.412.85%
2005$14,818,245.732.77%
2006$15,056,135.741.61%
2007$15,443,436.032.57%
2008$16,035,168.263.83%
2009$15,953,134.57-0.51%
2010$16,247,734.501.85%
2011$16,831,792.853.59%
2012$17,224,695.072.33%
2013$17,558,661.951.94%
2014$17,804,379.321.40%
2015$17,693,415.14-0.62%
2016$17,967,986.261.55%
2017$18,358,893.272.18%
2018$18,798,606.102.40%
2019$19,192,812.882.10%
2020$19,414,664.501.16%
2021$20,354,483.534.84%
2022$21,871,147.487.45%
2023$22,462,956.452.71%*

* 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 * $11,280,591 = $22,462,956.45

Therefore, according to U.S. Bureau of Labor Statistics, $11,280,591 in 1995 has the same "purchasing power" as $22,462,956.45 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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