Minneapolis/St. Paul, Minnesota prices: $5,325 in 1995 $10,861.99 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($5,325)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $5,536.99 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, $5,325 in Minneapolis/St. Paul in the year 1995 would cost $10,861.99 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
Bread · Public transportation · Dental services · Wireless telephone services · More

Buying power of $5,325.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,325 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$5,325.002.37%
1996$5,502.503.33%
1997$5,629.292.30%
1998$5,734.341.87%
1999$5,915.463.16%
2000$6,161.794.16%
2001$6,393.623.76%
2002$6,505.921.76%
2003$6,618.211.73%
2004$6,806.582.85%
2005$6,994.952.77%
2006$7,107.241.61%
2007$7,290.072.57%
2008$7,569.403.83%
2009$7,530.67-0.51%
2010$7,669.741.85%
2011$7,945.443.59%
2012$8,130.912.33%
2013$8,288.561.94%
2014$8,404.551.40%
2015$8,352.17-0.62%
2016$8,481.781.55%
2017$8,666.312.18%
2018$8,873.882.40%
2019$9,059.962.10%
2020$9,164.691.16%
2021$9,608.334.84%
2022$10,324.277.45%
2023$10,603.632.71%
2024$10,861.992.44%*

* 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 * $5,325 = $10,861.99

Therefore, according to U.S. Bureau of Labor Statistics, $5,325 in 1995 has the same "purchasing power" as $10,861.99 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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