Minneapolis/St. Paul, Minnesota prices: $293,506,292 in 1999 → $538,937,223.94 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1999-2024 ($293,506,292)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 83.62% higher in 2024 versus 1999 (a $245,430,931.94 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, $293,506,292 in Minneapolis/St. Paul in the year 1999 would cost $538,937,223.94 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
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 $293,506,292.00 since 1999

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $293,506,292 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$293,506,292.003.16%
2000$305,728,231.904.16%
2001$317,231,234.163.76%
2002$322,803,000.881.76%
2003$328,374,767.601.73%
2004$337,720,956.932.85%
2005$347,067,146.272.77%
2006$352,638,912.981.61%
2007$361,710,108.672.57%
2008$375,569,429.053.83%
2009$373,648,068.20-0.51%
2010$380,548,072.211.85%
2011$394,227,658.183.59%
2012$403,430,059.992.33%
2013$411,252,101.521.94%
2014$417,007,197.341.40%
2015$414,408,237.77-0.62%
2016$420,839,134.971.55%
2017$429,994,805.832.18%
2018$440,293,587.542.40%
2019$449,526,544.192.10%
2020$454,722,666.001.16%
2021$476,734,739.224.84%
2022$512,257,448.077.45%
2023$526,118,565.792.71%
2024$538,937,223.942.44%*

* 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 * $293,506,292 = $538,937,223.94

Therefore, according to U.S. Bureau of Labor Statistics, $293,506,292 in 1999 has the same "purchasing power" as $538,937,223.94 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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