Minneapolis/St. Paul, Minnesota prices: $956,000,000 in 1995 $1,950,057,904.76 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($956,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $994,057,904.76 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, $956,000,000 in Minneapolis/St. Paul in the year 1995 would cost $1,950,057,904.76 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
Public transportation · College tuition and fees · Boston, Massachusetts · Women's apparel · More

Buying power of $956,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $956,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$956,000,000.002.37%
1996$987,866,666.673.33%
1997$1,010,628,571.432.30%
1998$1,029,488,435.371.87%
1999$1,062,005,442.183.16%
2000$1,106,228,571.434.16%
2001$1,147,850,340.143.76%
2002$1,168,010,884.351.76%
2003$1,188,171,428.571.73%
2004$1,221,989,115.652.85%
2005$1,255,806,802.722.77%
2006$1,275,967,346.941.61%
2007$1,308,790,013.612.57%
2008$1,358,937,741.503.83%
2009$1,351,985,605.44-0.51%
2010$1,376,952,163.271.85%
2011$1,426,449,551.023.59%
2012$1,459,746,965.992.33%
2013$1,488,049,768.711.94%
2014$1,508,873,659.861.40%
2015$1,499,469,741.50-0.62%
2016$1,522,738,911.561.55%
2017$1,555,867,238.102.18%
2018$1,593,131,727.892.40%
2019$1,626,539,700.682.10%
2020$1,645,341,034.011.16%
2021$1,724,988,190.484.84%
2022$1,853,521,414.977.45%
2023$1,903,675,646.262.71%
2024$1,950,057,904.762.44%*

* 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 * $956,000,000 = $1,950,057,904.76

Therefore, according to U.S. Bureau of Labor Statistics, $956,000,000 in 1995 has the same "purchasing power" as $1,950,057,904.76 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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