Minneapolis/St. Paul, Minnesota prices: $87,000,000 in 1995 $177,463,428.57 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($87,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $90,463,428.57 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, $87,000,000 in Minneapolis/St. Paul in the year 1995 would cost $177,463,428.57 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
Denver, Colorado · Frankfurters · Housing · Medical care · More

Buying power of $87,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $87,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$87,000,000.002.37%
1996$89,900,000.003.33%
1997$91,971,428.572.30%
1998$93,687,755.101.87%
1999$96,646,938.783.16%
2000$100,671,428.574.16%
2001$104,459,183.673.76%
2002$106,293,877.551.76%
2003$108,128,571.431.73%
2004$111,206,122.452.85%
2005$114,283,673.472.77%
2006$116,118,367.351.61%
2007$119,105,367.352.57%
2008$123,669,020.413.83%
2009$123,036,346.94-0.51%
2010$125,308,408.161.85%
2011$129,812,877.553.59%
2012$132,843,081.632.33%
2013$135,418,755.101.94%
2014$137,313,816.331.40%
2015$136,458,020.41-0.62%
2016$138,575,612.241.55%
2017$141,590,428.572.18%
2018$144,981,653.062.40%
2019$148,021,918.372.10%
2020$149,732,918.371.16%
2021$156,981,142.864.84%
2022$168,678,204.087.45%
2023$173,242,448.982.71%
2024$177,463,428.572.44%*

* 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 * $87,000,000 = $177,463,428.57

Therefore, according to U.S. Bureau of Labor Statistics, $87,000,000 in 1995 has the same "purchasing power" as $177,463,428.57 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.