Minneapolis/St. Paul, Minnesota prices: $403,400,000 in 1995 $822,859,161.90 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($403,400,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $419,459,161.90 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, $403,400,000 in Minneapolis/St. Paul in the year 1995 would cost $822,859,161.90 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
Fresh fruits · Rent of primary residence · Bananas · Milk · More

Buying power of $403,400,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $403,400,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$403,400,000.002.37%
1996$416,846,666.673.33%
1997$426,451,428.572.30%
1998$434,409,659.861.87%
1999$448,130,748.303.16%
2000$466,791,428.574.16%
2001$484,354,421.773.76%
2002$492,861,496.601.76%
2003$501,368,571.431.73%
2004$515,638,503.402.85%
2005$529,908,435.372.77%
2006$538,415,510.201.61%
2007$552,265,576.872.57%
2008$573,426,239.463.83%
2009$570,492,670.75-0.51%
2010$581,027,722.451.85%
2011$601,913,963.273.59%
2012$615,964,357.822.33%
2013$627,907,193.201.94%
2014$636,694,178.231.40%
2015$632,726,039.46-0.62%
2016$642,544,850.341.55%
2017$656,523,895.242.18%
2018$672,248,262.592.40%
2019$686,345,308.842.10%
2020$694,278,842.181.16%
2021$727,887,276.194.84%
2022$782,123,994.567.45%
2023$803,287,401.362.71%
2024$822,859,161.902.44%*

* 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 * $403,400,000 = $822,859,161.90

Therefore, according to U.S. Bureau of Labor Statistics, $403,400,000 in 1995 has the same "purchasing power" as $822,859,161.90 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.

» Read more about inflation and investment.