Minneapolis/St. Paul, Minnesota prices: $6,389 in 1995 $13,032.34 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($6,389)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $6,643.34 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, $6,389 in Minneapolis/St. Paul in the year 1995 would cost $13,032.34 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
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Buying power of $6,389.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,389 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$6,389.002.37%
1996$6,601.973.33%
1997$6,754.092.30%
1998$6,880.131.87%
1999$7,097.443.16%
2000$7,392.994.16%
2001$7,671.153.76%
2002$7,805.881.76%
2003$7,940.611.73%
2004$8,166.622.85%
2005$8,392.632.77%
2006$8,527.361.61%
2007$8,746.712.57%
2008$9,081.853.83%
2009$9,035.39-0.51%
2010$9,202.251.85%
2011$9,533.043.59%
2012$9,755.572.33%
2013$9,944.721.94%
2014$10,083.881.40%
2015$10,021.04-0.62%
2016$10,176.551.55%
2017$10,397.952.18%
2018$10,646.992.40%
2019$10,870.252.10%
2020$10,995.901.16%
2021$11,528.194.84%
2022$12,387.187.45%
2023$12,722.372.71%
2024$13,032.342.44%*

* 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 * $6,389 = $13,032.34

Therefore, according to U.S. Bureau of Labor Statistics, $6,389 in 1995 has the same "purchasing power" as $13,032.34 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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