Minneapolis/St. Paul, Minnesota prices: $46,000,000,000 in 1995 $93,831,238,095.24 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($46,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $47,831,238,095.24 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, $46,000,000,000 in Minneapolis/St. Paul in the year 1995 would cost $93,831,238,095.24 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
Minneapolis-St Paul, Minnesota · Detroit, Michigan · College tuition and fees · Boston, Massachusetts · More

Buying power of $46,000,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $46,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$46,000,000,000.002.37%
1996$47,533,333,333.333.33%
1997$48,628,571,428.572.30%
1998$49,536,054,421.771.87%
1999$51,100,680,272.113.16%
2000$53,228,571,428.574.16%
2001$55,231,292,517.013.76%
2002$56,201,360,544.221.76%
2003$57,171,428,571.431.73%
2004$58,798,639,455.782.85%
2005$60,425,850,340.142.77%
2006$61,395,918,367.351.61%
2007$62,975,251,700.682.57%
2008$65,388,217,687.073.83%
2009$65,053,700,680.27-0.51%
2010$66,255,020,408.161.85%
2011$68,636,693,877.553.59%
2012$70,238,870,748.302.33%
2013$71,600,721,088.441.94%
2014$72,602,707,482.991.40%
2015$72,150,217,687.07-0.62%
2016$73,269,863,945.581.55%
2017$74,863,904,761.902.18%
2018$76,656,965,986.392.40%
2019$78,264,462,585.032.10%
2020$79,169,129,251.701.16%
2021$83,001,523,809.524.84%
2022$89,186,176,870.757.45%
2023$91,599,455,782.312.71%
2024$93,831,238,095.242.44%*

* 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 * $46,000,000,000 = $93,831,238,095.24

Therefore, according to U.S. Bureau of Labor Statistics, $46,000,000,000 in 1995 has the same "purchasing power" as $93,831,238,095.24 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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