Minneapolis/St. Paul, Minnesota prices: $800,000,000 in 1999 $1,468,962,645.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1999-2024 ($800,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 83.62% higher in 2024 versus 1999 (a $668,962,645.44 difference in value).

Between 1999 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.46% per year. This rate of change indicates significant inflation. In other words, $800,000,000 in Minneapolis/St. Paul in the year 1999 would cost $1,468,962,645.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1999: Pricing changed by 3.16%, which is above the average yearly change in Minneapolis/St. Paul during the 1999-2024 time period. Compared to inflation for all items in 1999 (2.19%), inflation in Minneapolis/St. Paul was higher.

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
Food · Philadelphia, Pennsylvania · Public transportation · Minneapolis-St Paul, Minnesota · More

Buying power of $800,000,000.00 since 1999

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $800,000,000 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$800,000,000.003.16%
2000$833,312,921.004.16%
2001$864,666,258.423.76%
2002$879,853,031.231.76%
2003$895,039,804.041.73%
2004$920,514,390.692.85%
2005$945,988,977.342.77%
2006$961,175,750.151.61%
2007$985,900,796.082.57%
2008$1,023,676,668.713.83%
2009$1,018,439,681.57-0.51%
2010$1,037,246,785.061.85%
2011$1,074,532,761.793.59%
2012$1,099,615,431.722.33%
2013$1,120,935,701.161.94%
2014$1,136,622,167.791.40%
2015$1,129,538,273.12-0.62%
2016$1,147,066,748.321.55%
2017$1,172,022,045.322.18%
2018$1,200,093,080.222.40%
2019$1,225,259,032.462.10%
2020$1,239,421,922.841.16%
2021$1,299,419,473.364.84%
2022$1,396,242,498.477.45%
2023$1,434,023,270.062.71%
2024$1,468,962,645.442.44%*

* 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 1999 * 1999 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 163.300 in the year 1999 and 299.852 in 2024:

299.852 / 163.300 * $800,000,000 = $1,468,962,645.44

Therefore, according to U.S. Bureau of Labor Statistics, $800,000,000 in 1999 has the same "purchasing power" as $1,468,962,645.44 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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