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.
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:
Year | USD Value | Inflation Rate |
---|---|---|
2005 | $9,500,000,000.00 | 2.77% |
2006 | $9,652,511,651.99 | 1.61% |
2007 | $9,900,810,460.90 | 2.57% |
2008 | $10,280,170,895.91 | 3.83% |
2009 | $10,227,578,974.62 | -0.51% |
2010 | $10,416,447,436.56 | 1.85% |
2011 | $10,790,888,140.86 | 3.59% |
2012 | $11,042,778,353.18 | 2.33% |
2013 | $11,256,885,033.66 | 1.94% |
2014 | $11,414,414,810.98 | 1.40% |
2015 | $11,343,275,504.92 | -0.62% |
2016 | $11,519,303,469.70 | 1.55% |
2017 | $11,769,914,552.05 | 2.18% |
2018 | $12,051,815,121.70 | 2.40% |
2019 | $12,304,541,688.24 | 2.10% |
2020 | $12,446,771,103.06 | 1.16% |
2021 | $13,049,290,523.05 | 4.84% |
2022 | $14,021,626,100.47 | 7.45% |
2023 | $14,401,035,732.78 | 2.71% |
2024 | $14,751,910,926.98 | 2.44%* |
* 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:
Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 103.100 | 107.000 | 108.400 | 111.600 | 117.200 | 122.000 | 127.000 | 130.400 | 135.000 | 139.200 | 143.600 | 147.000 | 151.900 | 155.400 | 158.300 | 163.300 | 170.100 | 176.500 | 179.600 | 182.700 | 187.900 | 193.100 | 196.200 | 201.247 | 208.958 | 207.889 | 211.728 | 219.339 | 224.459 | 228.811 | 232.013 | 230.567 | 234.145 | 239.239 | 244.969 | 250.106 | 252.997 | 265.244 | 285.008 | 292.720 | 299.852 |