Minneapolis/St. Paul, Minnesota prices: $20,100,000 in 1995 $41,000,171.43 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($20,100,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $20,900,171.43 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, $20,100,000 in Minneapolis/St. Paul in the year 1995 would cost $41,000,171.43 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
Admission to sporting events · Financial services · Film and photographic supplies · Indoor plants and flowers · More

Buying power of $20,100,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20,100,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$20,100,000.002.37%
1996$20,770,000.003.33%
1997$21,248,571.432.30%
1998$21,645,102.041.87%
1999$22,328,775.513.16%
2000$23,258,571.434.16%
2001$24,133,673.473.76%
2002$24,557,551.021.76%
2003$24,981,428.571.73%
2004$25,692,448.982.85%
2005$26,403,469.392.77%
2006$26,827,346.941.61%
2007$27,517,446.942.57%
2008$28,571,808.163.83%
2009$28,425,638.78-0.51%
2010$28,950,563.271.85%
2011$29,991,251.023.59%
2012$30,691,332.652.33%
2013$31,286,402.041.94%
2014$31,724,226.531.40%
2015$31,526,508.16-0.62%
2016$32,015,744.901.55%
2017$32,712,271.432.18%
2018$33,495,761.222.40%
2019$34,198,167.352.10%
2020$34,593,467.351.16%
2021$36,268,057.144.84%
2022$38,970,481.637.45%
2023$40,024,979.592.71%
2024$41,000,171.432.44%*

* 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 * $20,100,000 = $41,000,171.43

Therefore, according to U.S. Bureau of Labor Statistics, $20,100,000 in 1995 has the same "purchasing power" as $41,000,171.43 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.

» Read more about inflation and investment.