Minneapolis/St. Paul, Minnesota prices: $9,500,000,000 in 2005 $14,751,910,926.98 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2005-2024 ($9,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 55.28% higher in 2024 versus 2005 (a $5,251,910,926.98 difference in value).

Between 2005 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.34% per year. This rate of change indicates significant inflation. In other words, $9,500,000,000 in Minneapolis/St. Paul in the year 2005 would cost $14,751,910,926.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2005: Pricing changed by 2.77%, which is above the average yearly change in Minneapolis/St. Paul during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), 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 $9,500,000,000.00 since 2005

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,500,000,000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2005$9,500,000,000.002.77%
2006$9,652,511,651.991.61%
2007$9,900,810,460.902.57%
2008$10,280,170,895.913.83%
2009$10,227,578,974.62-0.51%
2010$10,416,447,436.561.85%
2011$10,790,888,140.863.59%
2012$11,042,778,353.182.33%
2013$11,256,885,033.661.94%
2014$11,414,414,810.981.40%
2015$11,343,275,504.92-0.62%
2016$11,519,303,469.701.55%
2017$11,769,914,552.052.18%
2018$12,051,815,121.702.40%
2019$12,304,541,688.242.10%
2020$12,446,771,103.061.16%
2021$13,049,290,523.054.84%
2022$14,021,626,100.477.45%
2023$14,401,035,732.782.71%
2024$14,751,910,926.982.44%*

* 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 2005 * 2005 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 193.100 in the year 2005 and 299.852 in 2024:

299.852 / 193.100 * $9,500,000,000 = $14,751,910,926.98

Therefore, according to U.S. Bureau of Labor Statistics, $9,500,000,000 in 2005 has the same "purchasing power" as $14,751,910,926.98 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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