Minneapolis/St. Paul, Minnesota prices: $6,700,000,000,000 in 1995 $13,666,723,809,523.81 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($6,700,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $6,966,723,809,523.81 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, $6,700,000,000,000 in Minneapolis/St. Paul in the year 1995 would cost $13,666,723,809,523.81 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 $6,700,000,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,700,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$6,700,000,000,000.002.37%
1996$6,923,333,333,333.333.33%
1997$7,082,857,142,857.142.30%
1998$7,215,034,013,605.441.87%
1999$7,442,925,170,068.033.16%
2000$7,752,857,142,857.144.16%
2001$8,044,557,823,129.253.76%
2002$8,185,850,340,136.061.76%
2003$8,327,142,857,142.861.73%
2004$8,564,149,659,863.952.85%
2005$8,801,156,462,585.032.77%
2006$8,942,448,979,591.841.61%
2007$9,172,482,312,925.172.57%
2008$9,523,936,054,421.773.83%
2009$9,475,212,925,170.07-0.51%
2010$9,650,187,755,102.041.85%
2011$9,997,083,673,469.393.59%
2012$10,230,444,217,687.072.33%
2013$10,428,800,680,272.111.94%
2014$10,574,742,176,870.751.40%
2015$10,508,836,054,421.77-0.62%
2016$10,671,914,965,986.401.55%
2017$10,904,090,476,190.482.18%
2018$11,165,253,741,496.602.40%
2019$11,399,389,115,646.262.10%
2020$11,531,155,782,312.931.16%
2021$12,089,352,380,952.384.84%
2022$12,990,160,544,217.697.45%
2023$13,341,659,863,945.582.71%
2024$13,666,723,809,523.812.44%*

* 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 * $6,700,000,000,000 = $13,666,723,809,523.81

Therefore, according to U.S. Bureau of Labor Statistics, $6,700,000,000,000 in 1995 has the same "purchasing power" as $13,666,723,809,523.81 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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