Minneapolis/St. Paul, Minnesota prices: $694,000,000,000 in 1995 $1,415,627,809,523.81 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($694,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $721,627,809,523.81 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, $694,000,000,000 in Minneapolis/St. Paul in the year 1995 would cost $1,415,627,809,523.81 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 $694,000,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $694,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$694,000,000,000.002.37%
1996$717,133,333,333.333.33%
1997$733,657,142,857.142.30%
1998$747,348,299,319.731.87%
1999$770,953,741,496.603.16%
2000$803,057,142,857.144.16%
2001$833,272,108,843.543.76%
2002$847,907,482,993.201.76%
2003$862,542,857,142.861.73%
2004$887,092,517,006.802.85%
2005$911,642,176,870.752.77%
2006$926,277,551,020.411.61%
2007$950,104,884,353.742.57%
2008$986,509,197,278.913.83%
2009$981,462,353,741.50-0.51%
2010$999,586,612,244.901.85%
2011$1,035,518,816,326.533.59%
2012$1,059,690,789,115.652.33%
2013$1,080,236,965,986.391.94%
2014$1,095,353,891,156.461.40%
2015$1,088,527,197,278.91-0.62%
2016$1,105,419,251,700.681.55%
2017$1,129,468,476,190.482.18%
2018$1,156,520,312,925.172.40%
2019$1,180,772,544,217.692.10%
2020$1,194,421,210,884.351.16%
2021$1,252,240,380,952.384.84%
2022$1,345,547,972,789.127.45%
2023$1,381,957,006,802.722.71%
2024$1,415,627,809,523.812.44%*

* 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 * $694,000,000,000 = $1,415,627,809,523.81

Therefore, according to U.S. Bureau of Labor Statistics, $694,000,000,000 in 1995 has the same "purchasing power" as $1,415,627,809,523.81 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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