Minneapolis/St. Paul, Minnesota prices: $150,000,000,000 in 1998 → $284,130,132,659.51 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1998-2024 ($150,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 89.42% higher in 2024 versus 1998 (a $134,130,132,659.51 difference in value).

Between 1998 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, $150,000,000,000 in Minneapolis/St. Paul in the year 1998 would cost $284,130,132,659.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1998: Pricing changed by 1.87%, which is below the average yearly change in Minneapolis/St. Paul during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), 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
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 $150,000,000,000.00 since 1998

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $150,000,000,000 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$150,000,000,000.001.87%
1999$154,737,839,545.173.16%
2000$161,181,301,326.604.16%
2001$167,245,735,944.413.76%
2002$170,183,196,462.411.76%
2003$173,120,656,980.421.73%
2004$178,048,010,107.392.85%
2005$182,975,363,234.372.77%
2006$185,912,823,752.371.61%
2007$190,695,198,989.262.57%
2008$198,001,895,135.823.83%
2009$196,988,945,041.06-0.51%
2010$200,626,658,243.841.85%
2011$207,838,597,599.493.59%
2012$212,690,145,293.752.33%
2013$216,813,960,833.861.94%
2014$219,848,073,278.581.40%
2015$218,477,890,082.12-0.62%
2016$221,868,288,060.641.55%
2017$226,695,198,989.262.18%
2018$232,124,763,108.022.40%
2019$236,992,419,456.732.10%
2020$239,731,838,281.741.16%
2021$251,336,702,463.684.84%
2022$270,064,434,617.817.45%
2023$277,372,078,332.282.71%
2024$284,130,132,659.512.44%*

* 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 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 158.300 in the year 1998 and 299.852 in 2024:

299.852 / 158.300 * $150,000,000,000 = $284,130,132,659.51

Therefore, according to U.S. Bureau of Labor Statistics, $150,000,000,000 in 1998 has the same "purchasing power" as $284,130,132,659.51 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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