Minneapolis/St. Paul, Minnesota prices: $71 in 1995 $144.83 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($71)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $73.83 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, $71 in Minneapolis/St. Paul in the year 1995 would cost $144.83 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
Dental services · Bananas · Film and photographic supplies · Women's apparel · More

Buying power of $71.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $71 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$71.002.37%
1996$73.373.33%
1997$75.062.30%
1998$76.461.87%
1999$78.873.16%
2000$82.164.16%
2001$85.253.76%
2002$86.751.76%
2003$88.241.73%
2004$90.752.85%
2005$93.272.77%
2006$94.761.61%
2007$97.202.57%
2008$100.933.83%
2009$100.41-0.51%
2010$102.261.85%
2011$105.943.59%
2012$108.412.33%
2013$110.511.94%
2014$112.061.40%
2015$111.36-0.62%
2016$113.091.55%
2017$115.552.18%
2018$118.322.40%
2019$120.802.10%
2020$122.201.16%
2021$128.114.84%
2022$137.667.45%
2023$141.382.71%
2024$144.832.44%*

* 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 * $71 = $144.83

Therefore, according to U.S. Bureau of Labor Statistics, $71 in 1995 has the same "purchasing power" as $144.83 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.