Minneapolis/St. Paul, Minnesota prices: $32,719,012 in 1995 $66,740,552.29 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($32,719,012)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $34,021,540.29 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, $32,719,012 in Minneapolis/St. Paul in the year 1995 would cost $66,740,552.29 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 · New trucks · Food · San Francisco, California · More

Buying power of $32,719,012.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $32,719,012 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$32,719,012.002.37%
1996$33,809,645.733.33%
1997$34,588,669.832.30%
1998$35,234,146.941.87%
1999$36,347,038.503.16%
2000$37,860,571.034.16%
2001$39,285,072.233.76%
2002$39,975,065.001.76%
2003$40,665,057.771.73%
2004$41,822,465.002.85%
2005$42,979,872.232.77%
2006$43,669,865.001.61%
2007$44,793,217.742.57%
2008$46,509,519.113.83%
2009$46,271,582.90-0.51%
2010$47,126,061.041.85%
2011$48,820,104.583.59%
2012$49,959,705.542.33%
2013$50,928,366.361.94%
2014$51,641,062.121.40%
2015$51,319,213.88-0.62%
2016$52,115,599.081.55%
2017$53,249,413.012.18%
2018$54,524,786.742.40%
2019$55,668,171.532.10%
2020$56,311,645.441.16%
2021$59,037,562.034.84%
2022$63,436,599.817.45%
2023$65,153,123.762.71%
2024$66,740,552.292.44%*

* 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 * $32,719,012 = $66,740,552.29

Therefore, according to U.S. Bureau of Labor Statistics, $32,719,012 in 1995 has the same "purchasing power" as $66,740,552.29 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.