Minneapolis/St. Paul, Minnesota prices:$12,000,000 in 1996$24,237,472.02 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1996-2025 ($12,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 101.98% higher in 2025 versus 1996 (a $12,237,472.02 difference in value).

Between 1996 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.45% per year. This rate of change indicates significant inflation. In other words, $12,000,000 in Minneapolis/St. Paul in the year 1996 would cost $24,237,472.02 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1996: Pricing changed by 3.33%, which is above the average yearly change in Minneapolis/St. Paul during the 1996-2025 time period. Compared to inflation for all items in 1996 (2.93%), inflation in Minneapolis/St. Paul was higher.

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
Educational books and supplies · Jewelry · Philadelphia, Pennsylvania · Bananas · More

Buying power of $12,000,000.00 since 1996

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $12,000,000 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$12,000,000.003.33%
1997$12,276,497.702.30%
1998$12,505,595.791.87%
1999$12,900,592.503.16%
2000$13,437,788.024.16%
2001$13,943,383.813.76%
2002$14,188,281.761.76%
2003$14,433,179.721.73%
2004$14,843,976.302.85%
2005$15,254,772.882.77%
2006$15,499,670.841.61%
2007$15,898,380.512.57%
2008$16,507,544.443.83%
2009$16,423,094.14-0.51%
2010$16,726,372.611.85%
2011$17,327,636.603.59%
2012$17,732,113.232.33%
2013$18,075,918.371.94%
2014$18,328,874.261.40%
2015$18,214,641.21-0.62%
2016$18,497,300.861.55%
2017$18,899,723.502.18%
2018$19,352,389.732.40%
2019$19,758,209.352.10%
2020$19,986,596.451.16%
2021$20,954,101.384.84%
2022$22,515,444.377.45%
2023$23,124,687.292.71%
2024$23,688,110.602.44%
2025$24,237,472.022.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1996* 1996 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 151.900 in the year 1996 and 306.806 in 2025:

306.806 / 151.900* $12,000,000 = $24,237,472.02

Therefore, according to U.S. Bureau of Labor Statistics, $12,000,000 in 1996 has the same "purchasing power" as $24,237,472.02 in 2025 (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.