Minneapolis/St. Paul, Minnesota prices: $5.38 in 1995 $10.97 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($5.38)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $5.59 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, $5.38 in Minneapolis/St. Paul in the year 1995 would cost $10.97 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
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 $5.38 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5.38 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$5.382.37%
1996$5.563.33%
1997$5.692.30%
1998$5.791.87%
1999$5.983.16%
2000$6.234.16%
2001$6.463.76%
2002$6.571.76%
2003$6.691.73%
2004$6.882.85%
2005$7.072.77%
2006$7.181.61%
2007$7.372.57%
2008$7.653.83%
2009$7.61-0.51%
2010$7.751.85%
2011$8.033.59%
2012$8.212.33%
2013$8.371.94%
2014$8.491.40%
2015$8.44-0.62%
2016$8.571.55%
2017$8.762.18%
2018$8.972.40%
2019$9.152.10%
2020$9.261.16%
2021$9.714.84%
2022$10.437.45%
2023$10.712.71%
2024$10.972.44%*

* 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 * $5.38 = $10.97

Therefore, according to U.S. Bureau of Labor Statistics, $5.38 in 1995 has the same "purchasing power" as $10.97 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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