Minneapolis/St. Paul, Minnesota prices: $285,637,644 in 1995 $582,646,386.59 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($285,637,644)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $297,008,742.59 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, $285,637,644 in Minneapolis/St. Paul in the year 1995 would cost $582,646,386.59 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 $285,637,644.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $285,637,644 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$285,637,644.002.37%
1996$295,158,898.803.33%
1997$301,959,795.092.30%
1998$307,594,823.441.87%
1999$317,310,389.563.16%
2000$330,523,559.494.16%
2001$342,959,484.123.76%
2002$348,983,135.121.76%
2003$355,006,786.111.73%
2004$365,110,974.882.85%
2005$375,215,163.652.77%
2006$381,238,814.641.61%
2007$391,045,707.092.57%
2008$406,029,053.163.83%
2009$403,951,865.13-0.51%
2010$411,411,476.791.85%
2011$426,200,511.553.59%
2012$436,149,251.262.33%
2013$444,605,680.011.94%
2014$450,827,528.551.40%
2015$448,017,786.83-0.62%
2016$454,970,245.951.55%
2017$464,868,464.712.18%
2018$476,002,503.492.40%
2019$485,984,276.122.10%
2020$491,601,816.461.16%
2021$515,399,124.124.84%
2022$553,802,813.897.45%
2023$568,788,103.072.71%
2024$582,646,386.592.44%*

* 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 * $285,637,644 = $582,646,386.59

Therefore, according to U.S. Bureau of Labor Statistics, $285,637,644 in 1995 has the same "purchasing power" as $582,646,386.59 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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