Minneapolis/St. Paul, Minnesota prices: $1,719,021,469,021.50 in 1995 $3,506,476,364,143.09 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($1,719,021,469,021.50)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $1,787,454,895,121.59 difference in value).

Between 1995 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $1,719,021,469,021.50 in Minneapolis/St. Paul in the year 1995 would cost $3,506,476,364,143.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1995: Pricing changed by 2.37%, which is below the average yearly change in Minneapolis/St. Paul during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation in Minneapolis/St. Paul was lower.

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
Televisions · Boston, Massachusetts · Parking fees and tolls · Juices and nonalcoholic drinks · More

Buying power of $1,719,021,469,021.50 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,719,021,469,021.50 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$1,719,021,469,021.502.37%
1996$1,776,322,184,655.553.33%
1997$1,817,251,267,251.302.30%
1998$1,851,163,935,687.781.87%
1999$1,909,634,053,681.713.16%
2000$1,989,153,414,153.454.16%
2001$2,063,995,165,185.683.76%
2002$2,100,246,638,341.911.76%
2003$2,136,498,111,498.151.73%
2004$2,197,307,034,211.842.85%
2005$2,258,115,956,925.522.77%
2006$2,294,367,430,081.761.61%
2007$2,353,387,167,184.832.57%
2008$2,443,559,783,155.073.83%
2009$2,431,058,871,927.96-0.51%
2010$2,475,952,228,523.701.85%
2011$2,564,955,442,134.063.59%
2012$2,624,828,842,959.842.33%
2013$2,675,721,233,661.761.94%
2014$2,713,165,497,225.071.40%
2015$2,696,255,939,101.23-0.62%
2016$2,738,097,155,537.681.55%
2017$2,797,666,511,749.902.18%
2018$2,864,673,266,970.942.40%
2019$2,924,745,466,197.902.10%
2020$2,958,552,888,421.991.16%
2021$3,101,769,595,436.324.84%
2022$3,332,890,277,842.727.45%
2023$3,423,074,587,836.552.71%
2024$3,506,476,364,143.092.44%*

* 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 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 147.000 in the year 1995 and 299.852 in 2024:

299.852 / 147.000 * $1,719,021,469,021.50 = $3,506,476,364,143.09

Therefore, according to U.S. Bureau of Labor Statistics, $1,719,021,469,021.50 in 1995 has the same "purchasing power" as $3,506,476,364,143.09 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.