Minneapolis/St. Paul, Minnesota prices: $11,768,000,000 in 1995 $24,004,478,476.19 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($11,768,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $12,236,478,476.19 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, $11,768,000,000 in Minneapolis/St. Paul in the year 1995 would cost $24,004,478,476.19 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
Alcoholic beverages · Airline fares · Milk · Women's apparel · More

Buying power of $11,768,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $11,768,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$11,768,000,000.002.37%
1996$12,160,266,666.673.33%
1997$12,440,457,142.862.30%
1998$12,672,614,965.991.87%
1999$13,072,887,074.833.16%
2000$13,617,257,142.864.16%
2001$14,129,605,442.183.76%
2002$14,377,774,149.661.76%
2003$14,625,942,857.141.73%
2004$15,042,225,850.342.85%
2005$15,458,508,843.542.77%
2006$15,706,677,551.021.61%
2007$16,110,712,217.692.57%
2008$16,728,011,863.953.83%
2009$16,642,433,687.07-0.51%
2010$16,949,762,612.241.85%
2011$17,559,056,816.333.59%
2012$17,968,935,455.782.33%
2013$18,317,332,299.321.94%
2014$18,573,666,557.821.40%
2015$18,457,907,863.95-0.62%
2016$18,744,342,585.031.55%
2017$19,152,139,809.522.18%
2018$19,610,851,646.262.40%
2019$20,022,091,210.882.10%
2020$20,253,528,544.221.16%
2021$21,233,955,047.624.84%
2022$22,816,150,639.467.45%
2023$23,433,530,340.142.71%
2024$24,004,478,476.192.44%*

* 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 * $11,768,000,000 = $24,004,478,476.19

Therefore, according to U.S. Bureau of Labor Statistics, $11,768,000,000 in 1995 has the same "purchasing power" as $24,004,478,476.19 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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