Minneapolis/St. Paul, Minnesota prices: $2,315,000,000 in 1995 $4,722,159,047.62 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($2,315,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $2,407,159,047.62 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, $2,315,000,000 in Minneapolis/St. Paul in the year 1995 would cost $4,722,159,047.62 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 · Food · New trucks · Public transportation · More

Buying power of $2,315,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,315,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$2,315,000,000.002.37%
1996$2,392,166,666.673.33%
1997$2,447,285,714.292.30%
1998$2,492,955,782.311.87%
1999$2,571,697,278.913.16%
2000$2,678,785,714.294.16%
2001$2,779,574,829.933.76%
2002$2,828,394,557.821.76%
2003$2,877,214,285.711.73%
2004$2,959,105,442.182.85%
2005$3,040,996,598.642.77%
2006$3,089,816,326.531.61%
2007$3,169,297,993.202.57%
2008$3,290,733,129.253.83%
2009$3,273,898,197.28-0.51%
2010$3,334,355,918.371.85%
2011$3,454,216,224.493.59%
2012$3,534,847,517.012.33%
2013$3,603,384,115.651.94%
2014$3,653,810,170.071.40%
2015$3,631,038,129.25-0.62%
2016$3,687,385,544.221.55%
2017$3,767,607,380.952.18%
2018$3,857,845,136.052.40%
2019$3,938,744,149.662.10%
2020$3,984,272,482.991.16%
2021$4,177,141,904.764.84%
2022$4,488,391,292.527.45%
2023$4,609,842,176.872.71%
2024$4,722,159,047.622.44%*

* 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 * $2,315,000,000 = $4,722,159,047.62

Therefore, according to U.S. Bureau of Labor Statistics, $2,315,000,000 in 1995 has the same "purchasing power" as $4,722,159,047.62 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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