Minneapolis/St. Paul, Minnesota prices: $1,469 in 1995 $2,996.48 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($1,469)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $1,527.48 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, $1,469 in Minneapolis/St. Paul in the year 1995 would cost $2,996.48 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 $1,469.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,469 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$1,469.002.37%
1996$1,517.973.33%
1997$1,552.942.30%
1998$1,581.921.87%
1999$1,631.893.16%
2000$1,699.844.16%
2001$1,763.803.76%
2002$1,794.781.76%
2003$1,825.761.73%
2004$1,877.722.85%
2005$1,929.692.77%
2006$1,960.671.61%
2007$2,011.102.57%
2008$2,088.163.83%
2009$2,077.48-0.51%
2010$2,115.841.85%
2011$2,191.903.59%
2012$2,243.062.33%
2013$2,286.551.94%
2014$2,318.551.40%
2015$2,304.10-0.62%
2016$2,339.861.55%
2017$2,390.762.18%
2018$2,448.022.40%
2019$2,499.362.10%
2020$2,528.251.16%
2021$2,650.644.84%
2022$2,848.147.45%
2023$2,925.212.71%
2024$2,996.482.44%*

* 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 * $1,469 = $2,996.48

Therefore, according to U.S. Bureau of Labor Statistics, $1,469 in 1995 has the same "purchasing power" as $2,996.48 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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