Minneapolis/St. Paul, Minnesota prices: $305,000,000,000 in 2000 $537,653,497,942.39 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2024 ($305,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 76.28% higher in 2024 versus 2000 (a $232,653,497,942.39 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, $305,000,000,000 in Minneapolis/St. Paul in the year 2000 would cost $537,653,497,942.39 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 $305,000,000,000.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $305,000,000,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$305,000,000,000.004.16%
2001$316,475,602,586.713.76%
2002$322,034,097,589.651.76%
2003$327,592,592,592.591.73%
2004$336,916,519,694.302.85%
2005$346,240,446,796.002.77%
2006$351,798,941,798.941.61%
2007$360,848,530,276.312.57%
2008$374,674,838,330.393.83%
2009$372,758,054,085.83-0.51%
2010$379,641,622,574.961.85%
2011$393,288,624,338.623.59%
2012$402,469,106,408.002.33%
2013$410,272,516,166.961.94%
2014$416,013,903,586.131.40%
2015$413,421,134,626.69-0.62%
2016$419,836,713,697.821.55%
2017$428,970,576,131.692.18%
2018$439,244,826,572.602.40%
2019$448,455,790,711.352.10%
2020$453,639,535,567.311.16%
2021$475,599,176,954.734.84%
2022$511,037,272,192.837.45%
2023$524,865,373,309.822.71%
2024$537,653,497,942.392.44%*

* 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 * $305,000,000,000 = $537,653,497,942.39

Therefore, according to U.S. Bureau of Labor Statistics, $305,000,000,000 in 2000 has the same "purchasing power" as $537,653,497,942.39 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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