Minneapolis/St. Paul, Minnesota prices: $900,000,000 in 1995 → $1,835,828,571.43 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($900,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $935,828,571.43 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, $900,000,000 in Minneapolis/St. Paul in the year 1995 would cost $1,835,828,571.43 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
Alcoholic beverages · Financial services · Medical care · College tuition and fees · More

Buying power of $900,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $900,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$900,000,000.002.37%
1996$930,000,000.003.33%
1997$951,428,571.432.30%
1998$969,183,673.471.87%
1999$999,795,918.373.16%
2000$1,041,428,571.434.16%
2001$1,080,612,244.903.76%
2002$1,099,591,836.731.76%
2003$1,118,571,428.571.73%
2004$1,150,408,163.272.85%
2005$1,182,244,897.962.77%
2006$1,201,224,489.801.61%
2007$1,232,124,489.802.57%
2008$1,279,334,693.883.83%
2009$1,272,789,795.92-0.51%
2010$1,296,293,877.551.85%
2011$1,342,891,836.733.59%
2012$1,374,238,775.512.33%
2013$1,400,883,673.471.94%
2014$1,420,487,755.101.40%
2015$1,411,634,693.88-0.62%
2016$1,433,540,816.331.55%
2017$1,464,728,571.432.18%
2018$1,499,810,204.082.40%
2019$1,531,261,224.492.10%
2020$1,548,961,224.491.16%
2021$1,623,942,857.144.84%
2022$1,744,946,938.787.45%
2023$1,792,163,265.312.71%
2024$1,835,828,571.432.44%*

* 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 * $900,000,000 = $1,835,828,571.43

Therefore, according to U.S. Bureau of Labor Statistics, $900,000,000 in 1995 has the same "purchasing power" as $1,835,828,571.43 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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