Minneapolis/St. Paul, Minnesota prices: $145,480,904 in 1995 $296,753,333.51 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($145,480,904)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $151,272,429.51 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, $145,480,904 in Minneapolis/St. Paul in the year 1995 would cost $296,753,333.51 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
Film and photographic supplies · Minneapolis-St Paul, Minnesota · Admission to sporting events · Rent of primary residence · More

Buying power of $145,480,904.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $145,480,904 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$145,480,904.002.37%
1996$150,330,267.473.33%
1997$153,794,098.512.30%
1998$156,664,129.951.87%
1999$161,612,460.023.16%
2000$168,342,188.914.16%
2001$174,676,051.403.76%
2002$177,744,016.041.76%
2003$180,811,980.691.73%
2004$185,958,243.962.85%
2005$191,104,507.232.77%
2006$194,172,471.871.61%
2007$199,167,316.242.57%
2008$206,798,630.873.83%
2009$205,740,677.90-0.51%
2010$209,540,005.731.85%
2011$217,072,353.763.59%
2012$222,139,443.752.33%
2013$226,446,470.241.94%
2014$229,615,380.811.40%
2015$228,184,323.76-0.62%
2016$231,725,348.761.55%
2017$236,766,707.432.18%
2018$242,437,493.692.40%
2019$247,521,408.002.10%
2020$250,382,532.441.16%
2021$262,502,972.114.84%
2022$282,062,731.217.45%
2023$289,695,035.502.71%
2024$296,753,333.512.44%*

* 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 * $145,480,904 = $296,753,333.51

Therefore, according to U.S. Bureau of Labor Statistics, $145,480,904 in 1995 has the same "purchasing power" as $296,753,333.51 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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