Minneapolis/St. Paul, Minnesota prices: $6,321,703,715 in 1995 $12,895,071,444.56 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($6,321,703,715)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $6,573,367,729.56 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, $6,321,703,715 in Minneapolis/St. Paul in the year 1995 would cost $12,895,071,444.56 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
St Louis, Missouri · Jewelry · Gasoline (all types) · Chicago, Illinois · More

Buying power of $6,321,703,715.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,321,703,715 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$6,321,703,715.002.37%
1996$6,532,427,172.173.33%
1997$6,682,943,927.292.30%
1998$6,807,657,810.101.87%
1999$7,022,681,745.983.16%
2000$7,315,114,298.794.16%
2001$7,590,344,936.723.76%
2002$7,723,659,776.971.76%
2003$7,856,974,617.211.73%
2004$8,080,599,510.532.85%
2005$8,304,224,403.852.77%
2006$8,437,539,244.101.61%
2007$8,654,584,404.982.57%
2008$8,986,194,318.903.83%
2009$8,940,222,201.41-0.51%
2010$9,105,317,579.381.85%
2011$9,432,627,014.593.59%
2012$9,652,811,524.932.33%
2013$9,839,968,358.731.94%
2014$9,977,669,687.271.40%
2015$9,915,484,765.01-0.62%
2016$10,069,355,893.531.55%
2017$10,288,422,279.412.18%
2018$10,534,839,709.932.40%
2019$10,755,755,301.662.10%
2020$10,880,082,141.391.16%
2021$11,406,761,769.944.84%
2022$12,256,708,383.717.45%
2023$12,588,361,302.412.71%
2024$12,895,071,444.562.44%*

* 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 * $6,321,703,715 = $12,895,071,444.56

Therefore, according to U.S. Bureau of Labor Statistics, $6,321,703,715 in 1995 has the same "purchasing power" as $12,895,071,444.56 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.