Minneapolis/St. Paul, Minnesota prices: $1,745,216,000 in 1995 $3,559,908,217.90 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($1,745,216,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $1,814,692,217.90 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, $1,745,216,000 in Minneapolis/St. Paul in the year 1995 would cost $3,559,908,217.90 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
Atlanta, Georgia · Minneapolis-St Paul, Minnesota · Bread · Legal services · More

Buying power of $1,745,216,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,745,216,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$1,745,216,000.002.37%
1996$1,803,389,866.673.33%
1997$1,844,942,628.572.30%
1998$1,879,372,059.861.87%
1999$1,938,733,148.303.16%
2000$2,019,464,228.574.16%
2001$2,095,446,421.773.76%
2002$2,132,250,296.601.76%
2003$2,169,054,171.431.73%
2004$2,230,789,703.402.85%
2005$2,292,525,235.372.77%
2006$2,329,329,110.201.61%
2007$2,389,248,192.872.57%
2008$2,480,794,863.463.83%
2009$2,468,103,462.75-0.51%
2010$2,513,680,906.451.85%
2011$2,604,040,355.273.59%
2012$2,664,826,109.822.33%
2013$2,716,494,001.201.94%
2014$2,754,508,842.231.40%
2015$2,737,341,615.46-0.62%
2016$2,779,820,410.341.55%
2017$2,840,297,487.242.18%
2018$2,908,325,294.592.40%
2019$2,969,312,876.842.10%
2020$3,003,635,458.181.16%
2021$3,149,034,508.194.84%
2022$3,383,677,018.567.45%
2023$3,475,235,561.362.71%
2024$3,559,908,217.902.44%*

* 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 * $1,745,216,000 = $3,559,908,217.90

Therefore, according to U.S. Bureau of Labor Statistics, $1,745,216,000 in 1995 has the same "purchasing power" as $3,559,908,217.90 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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