Minneapolis/St. Paul, Minnesota prices:$3,000,000 in 1996$6,059,368.01 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1996-2025 ($3,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 101.98% higher in 2025 versus 1996 (a $3,059,368.01 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, $3,000,000 in Minneapolis/St. Paul in the year 1996 would cost $6,059,368.01 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
Admission to sporting events · Televisions · Electricity · Public transportation · More

Buying power of $3,000,000.00 since 1996

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,000,000 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$3,000,000.003.33%
1997$3,069,124.422.30%
1998$3,126,398.951.87%
1999$3,225,148.123.16%
2000$3,359,447.004.16%
2001$3,485,845.953.76%
2002$3,547,070.441.76%
2003$3,608,294.931.73%
2004$3,710,994.082.85%
2005$3,813,693.222.77%
2006$3,874,917.711.61%
2007$3,974,595.132.57%
2008$4,126,886.113.83%
2009$4,105,773.54-0.51%
2010$4,181,593.151.85%
2011$4,331,909.153.59%
2012$4,433,028.312.33%
2013$4,518,979.591.94%
2014$4,582,218.561.40%
2015$4,553,660.30-0.62%
2016$4,624,325.211.55%
2017$4,724,930.882.18%
2018$4,838,097.432.40%
2019$4,939,552.342.10%
2020$4,996,649.111.16%
2021$5,238,525.354.84%
2022$5,628,861.097.45%
2023$5,781,171.822.71%
2024$5,922,027.652.44%
2025$6,059,368.012.32%*

* 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* $3,000,000 = $6,059,368.01

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000 in 1996 has the same "purchasing power" as $6,059,368.01 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.

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