Minneapolis/St. Paul, Minnesota prices: $783,112,979 in 1995 $1,597,401,312.78 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($783,112,979)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $814,288,333.78 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, $783,112,979 in Minneapolis/St. Paul in the year 1995 would cost $1,597,401,312.78 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 $783,112,979.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $783,112,979 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$783,112,979.002.37%
1996$809,216,744.973.33%
1997$827,862,292.092.30%
1998$843,311,459.701.87%
1999$869,947,955.583.16%
2000$906,173,589.994.16%
2001$940,268,304.723.76%
2002$956,782,932.171.76%
2003$973,297,559.611.73%
2004$1,000,999,515.332.85%
2005$1,028,701,471.052.77%
2006$1,045,216,098.501.61%
2007$1,072,102,977.452.57%
2008$1,113,181,781.403.83%
2009$1,107,486,898.58-0.51%
2010$1,127,938,400.121.85%
2011$1,168,484,474.163.59%
2012$1,195,760,245.942.33%
2013$1,218,944,651.961.94%
2014$1,236,002,663.921.40%
2015$1,228,299,389.31-0.62%
2016$1,247,360,465.771.55%
2017$1,274,497,727.782.18%
2018$1,305,023,152.062.40%
2019$1,332,389,487.932.10%
2020$1,347,790,709.851.16%
2021$1,413,034,142.874.84%
2022$1,518,322,883.807.45%
2023$1,559,407,015.052.71%
2024$1,597,401,312.782.44%*

* 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 * $783,112,979 = $1,597,401,312.78

Therefore, according to U.S. Bureau of Labor Statistics, $783,112,979 in 1995 has the same "purchasing power" as $1,597,401,312.78 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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