Minneapolis/St. Paul, Minnesota prices: $2,400,000,000 in 1995 $4,895,542,857.14 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($2,400,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $2,495,542,857.14 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, $2,400,000,000 in Minneapolis/St. Paul in the year 1995 would cost $4,895,542,857.14 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
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Buying power of $2,400,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,400,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$2,400,000,000.002.37%
1996$2,480,000,000.003.33%
1997$2,537,142,857.142.30%
1998$2,584,489,795.921.87%
1999$2,666,122,448.983.16%
2000$2,777,142,857.144.16%
2001$2,881,632,653.063.76%
2002$2,932,244,897.961.76%
2003$2,982,857,142.861.73%
2004$3,067,755,102.042.85%
2005$3,152,653,061.222.77%
2006$3,203,265,306.121.61%
2007$3,285,665,306.122.57%
2008$3,411,559,183.673.83%
2009$3,394,106,122.45-0.51%
2010$3,456,783,673.471.85%
2011$3,581,044,897.963.59%
2012$3,664,636,734.692.33%
2013$3,735,689,795.921.94%
2014$3,787,967,346.941.40%
2015$3,764,359,183.67-0.62%
2016$3,822,775,510.201.55%
2017$3,905,942,857.142.18%
2018$3,999,493,877.552.40%
2019$4,083,363,265.312.10%
2020$4,130,563,265.311.16%
2021$4,330,514,285.714.84%
2022$4,653,191,836.737.45%
2023$4,779,102,040.822.71%
2024$4,895,542,857.142.44%*

* 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 * $2,400,000,000 = $4,895,542,857.14

Therefore, according to U.S. Bureau of Labor Statistics, $2,400,000,000 in 1995 has the same "purchasing power" as $4,895,542,857.14 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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