Minneapolis/St. Paul, Minnesota prices: $1,975,545,000 in 2000 $3,482,487,474.07 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2024 ($1,975,545,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 76.28% higher in 2024 versus 2000 (a $1,506,942,474.07 difference in value).

Between 2000 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.39% per year. This rate of change indicates significant inflation. In other words, $1,975,545,000 in Minneapolis/St. Paul in the year 2000 would cost $3,482,487,474.07 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2000: Pricing changed by 4.16%, which is above the average yearly change in Minneapolis/St. Paul during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), 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
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Buying power of $1,975,545,000.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,975,545,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$1,975,545,000.004.16%
2001$2,049,874,735.453.76%
2002$2,085,878,201.061.76%
2003$2,121,881,666.671.73%
2004$2,182,274,576.722.85%
2005$2,242,667,486.772.77%
2006$2,278,670,952.381.61%
2007$2,337,286,917.202.57%
2008$2,426,842,634.393.83%
2009$2,414,427,245.77-0.51%
2010$2,459,013,473.021.85%
2011$2,547,407,788.103.59%
2012$2,606,871,576.462.33%
2013$2,657,415,796.561.94%
2014$2,694,603,892.331.40%
2015$2,677,810,017.72-0.62%
2016$2,719,364,985.451.55%
2017$2,778,526,809.262.18%
2018$2,845,075,150.532.40%
2019$2,904,736,377.252.10%
2020$2,938,312,512.431.16%
2021$3,080,549,429.634.84%
2022$3,310,088,943.927.45%
2023$3,399,656,275.132.71%
2024$3,482,487,474.072.44%*

* 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 2000 * 2000 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 170.100 in the year 2000 and 299.852 in 2024:

299.852 / 170.100 * $1,975,545,000 = $3,482,487,474.07

Therefore, according to U.S. Bureau of Labor Statistics, $1,975,545,000 in 2000 has the same "purchasing power" as $3,482,487,474.07 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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