Minneapolis/St. Paul, Minnesota prices: $1,700,000,000 in 1995 $3,467,676,190.48 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($1,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $1,767,676,190.48 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, $1,700,000,000 in Minneapolis/St. Paul in the year 1995 would cost $3,467,676,190.48 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 $1,700,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,700,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$1,700,000,000.002.37%
1996$1,756,666,666.673.33%
1997$1,797,142,857.142.30%
1998$1,830,680,272.111.87%
1999$1,888,503,401.363.16%
2000$1,967,142,857.144.16%
2001$2,041,156,462.593.76%
2002$2,077,006,802.721.76%
2003$2,112,857,142.861.73%
2004$2,172,993,197.282.85%
2005$2,233,129,251.702.77%
2006$2,268,979,591.841.61%
2007$2,327,346,258.502.57%
2008$2,416,521,088.443.83%
2009$2,404,158,503.40-0.51%
2010$2,448,555,102.041.85%
2011$2,536,573,469.393.59%
2012$2,595,784,353.742.33%
2013$2,646,113,605.441.94%
2014$2,683,143,537.411.40%
2015$2,666,421,088.44-0.62%
2016$2,707,799,319.731.55%
2017$2,766,709,523.812.18%
2018$2,832,974,829.932.40%
2019$2,892,382,312.932.10%
2020$2,925,815,646.261.16%
2021$3,067,447,619.054.84%
2022$3,296,010,884.357.45%
2023$3,385,197,278.912.71%
2024$3,467,676,190.482.44%*

* 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 * $1,700,000,000 = $3,467,676,190.48

Therefore, according to U.S. Bureau of Labor Statistics, $1,700,000,000 in 1995 has the same "purchasing power" as $3,467,676,190.48 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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