Minneapolis/St. Paul, Minnesota prices: $6,000,000 in 1995 → $12,238,857.14 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($6,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $6,238,857.14 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, $6,000,000 in Minneapolis/St. Paul in the year 1995 would cost $12,238,857.14 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
19851990199520002005201020152020-11357
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 $6,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$6,000,000.002.37%
1996$6,200,000.003.33%
1997$6,342,857.142.30%
1998$6,461,224.491.87%
1999$6,665,306.123.16%
2000$6,942,857.144.16%
2001$7,204,081.633.76%
2002$7,330,612.241.76%
2003$7,457,142.861.73%
2004$7,669,387.762.85%
2005$7,881,632.652.77%
2006$8,008,163.271.61%
2007$8,214,163.272.57%
2008$8,528,897.963.83%
2009$8,485,265.31-0.51%
2010$8,641,959.181.85%
2011$8,952,612.243.59%
2012$9,161,591.842.33%
2013$9,339,224.491.94%
2014$9,469,918.371.40%
2015$9,410,897.96-0.62%
2016$9,556,938.781.55%
2017$9,764,857.142.18%
2018$9,998,734.692.40%
2019$10,208,408.162.10%
2020$10,326,408.161.16%
2021$10,826,285.714.84%
2022$11,632,979.597.45%
2023$11,947,755.102.71%
2024$12,238,857.142.44%*

* 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 * $6,000,000 = $12,238,857.14

Therefore, according to U.S. Bureau of Labor Statistics, $6,000,000 in 1995 has the same "purchasing power" as $12,238,857.14 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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