Minneapolis/St. Paul, Minnesota prices: $2,300,000,000,000 in 2001 → $3,907,419,830,028.33 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2001-2024 ($2,300,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 69.89% higher in 2024 versus 2001 (a $1,607,419,830,028.33 difference in value).

Between 2001 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, $2,300,000,000,000 in Minneapolis/St. Paul in the year 2001 would cost $3,907,419,830,028.33 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 2001: Pricing changed by 3.76%, which is above the average yearly change in Minneapolis/St. Paul during the 2001-2024 time period. Compared to inflation for all items in 2001 (2.83%), 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 $2,300,000,000,000.00 since 2001

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,300,000,000,000 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$2,300,000,000,000.003.76%
2002$2,340,396,600,566.571.76%
2003$2,380,793,201,133.141.73%
2004$2,448,555,240,793.202.85%
2005$2,516,317,280,453.262.77%
2006$2,556,713,881,019.831.61%
2007$2,622,482,152,974.502.57%
2008$2,722,965,439,093.483.83%
2009$2,709,035,127,478.75-0.51%
2010$2,759,061,756,373.941.85%
2011$2,858,241,926,345.613.59%
2012$2,924,961,473,087.822.33%
2013$2,981,673,087,818.701.94%
2014$3,023,398,866,855.521.40%
2015$3,004,555,807,365.44-0.62%
2016$3,051,181,303,116.151.55%
2017$3,117,562,039,660.062.18%
2018$3,192,230,594,900.852.40%
2019$3,259,171,671,388.102.10%
2020$3,296,844,759,206.801.16%
2021$3,456,437,393,767.714.84%
2022$3,713,985,269,121.817.45%
2023$3,814,481,586,402.272.71%
2024$3,907,419,830,028.332.44%*

* 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 2001 * 2001 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 176.500 in the year 2001 and 299.852 in 2024:

299.852 / 176.500 * $2,300,000,000,000 = $3,907,419,830,028.33

Therefore, according to U.S. Bureau of Labor Statistics, $2,300,000,000,000 in 2001 has the same "purchasing power" as $3,907,419,830,028.33 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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