Minneapolis/St. Paul, Minnesota prices: $4,300,000,000 in 1995 $8,562,557,823.13 in 2023

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2023 ($4,300,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 99.13% higher in 2023 versus 1995 (a $4,262,557,823.13 difference in value).

Between 1995 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $4,300,000,000 in Minneapolis/St. Paul in the year 1995 would cost $8,562,557,823.13 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.51% 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 1995-2023 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
Jewelry · Dental services · Milk · Film and photographic supplies · More

Buying power of $4,300,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $4,300,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$4,300,000,000.002.37%
1996$4,443,333,333.333.33%
1997$4,545,714,285.712.30%
1998$4,630,544,217.691.87%
1999$4,776,802,721.093.16%
2000$4,975,714,285.714.16%
2001$5,162,925,170.073.76%
2002$5,253,605,442.181.76%
2003$5,344,285,714.291.73%
2004$5,496,394,557.822.85%
2005$5,648,503,401.362.77%
2006$5,739,183,673.471.61%
2007$5,886,817,006.802.57%
2008$6,112,376,870.753.83%
2009$6,081,106,802.72-0.51%
2010$6,193,404,081.631.85%
2011$6,416,038,775.513.59%
2012$6,565,807,482.992.33%
2013$6,693,110,884.351.94%
2014$6,786,774,829.931.40%
2015$6,744,476,870.75-0.62%
2016$6,849,139,455.781.55%
2017$6,998,147,619.052.18%
2018$7,165,759,863.952.40%
2019$7,316,025,850.342.10%
2020$7,400,592,517.011.16%
2021$7,758,838,095.244.84%
2022$8,336,968,707.487.45%
2023$8,562,557,823.132.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1995 * 1995 USD value = 2023 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 292.720 in 2023:

292.720 / 147.000 * $4,300,000,000 = $8,562,557,823.13

Therefore, according to U.S. Bureau of Labor Statistics, $4,300,000,000 in 1995 has the same "purchasing power" as $8,562,557,823.13 in 2023 (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.