Minneapolis/St. Paul, Minnesota prices: $57,639,522.10 in 1995 $117,573,646.13 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($57,639,522.10)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $59,934,124.03 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, $57,639,522.10 in Minneapolis/St. Paul in the year 1995 would cost $117,573,646.13 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 $57,639,522.10 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $57,639,522.10 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$57,639,522.102.37%
1996$59,560,839.503.33%
1997$60,933,209.082.30%
1998$62,070,315.301.87%
1999$64,030,843.263.16%
2000$66,697,161.294.16%
2001$69,206,637.083.76%
2002$70,422,164.421.76%
2003$71,637,691.751.73%
2004$73,676,640.832.85%
2005$75,715,589.922.77%
2006$76,931,117.251.61%
2007$78,910,074.182.57%
2008$81,933,600.403.83%
2009$81,514,439.52-0.51%
2010$83,019,732.891.85%
2011$86,004,048.563.59%
2012$88,011,629.192.33%
2013$89,718,072.731.94%
2014$90,973,594.841.40%
2015$90,406,610.15-0.62%
2016$91,809,563.961.55%
2017$93,806,949.852.18%
2018$96,053,714.892.40%
2019$98,067,961.322.10%
2020$99,201,538.591.16%
2021$104,003,655.784.84%
2022$111,753,230.717.45%
2023$114,777,149.042.71%
2024$117,573,646.132.44%*

* 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 * $57,639,522.10 = $117,573,646.13

Therefore, according to U.S. Bureau of Labor Statistics, $57,639,522.10 in 1995 has the same "purchasing power" as $117,573,646.13 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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