Minneapolis/St. Paul, Minnesota prices: $44,200,000,000 in 2000 $77,915,687,242.80 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 2000-2024 ($44,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 76.28% higher in 2024 versus 2000 (a $33,715,687,242.80 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, $44,200,000,000 in Minneapolis/St. Paul in the year 2000 would cost $77,915,687,242.80 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
Financial services · Dental services · Fish and seafood · Wine at home · More

Buying power of $44,200,000,000.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $44,200,000,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$44,200,000,000.004.16%
2001$45,863,021,751.913.76%
2002$46,668,547,912.991.76%
2003$47,474,074,074.071.73%
2004$48,825,279,247.502.85%
2005$50,176,484,420.932.77%
2006$50,982,010,582.011.61%
2007$52,293,459,141.682.57%
2008$54,297,140,505.583.83%
2009$54,019,363,903.59-0.51%
2010$55,016,917,107.581.85%
2011$56,994,613,756.613.59%
2012$58,325,031,158.142.33%
2013$59,455,885,949.441.94%
2014$60,287,916,519.691.40%
2015$59,912,177,542.62-0.62%
2016$60,841,910,640.801.55%
2017$62,165,572,016.462.18%
2018$63,654,496,178.722.40%
2019$64,989,330,981.782.10%
2020$65,740,549,088.771.16%
2021$68,922,897,119.344.84%
2022$74,058,516,166.967.45%
2023$76,062,457,378.012.71%
2024$77,915,687,242.802.44%*

* 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 * $44,200,000,000 = $77,915,687,242.80

Therefore, according to U.S. Bureau of Labor Statistics, $44,200,000,000 in 2000 has the same "purchasing power" as $77,915,687,242.80 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.

» Read more about inflation and investment.