Minneapolis/St. Paul, Minnesota prices: $160,000,000,000 in 1989 $383,895,081,967.21 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2023 ($160,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 139.93% higher in 2023 versus 1989 (a $223,895,081,967.21 difference in value).

Between 1989 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.61% per year. This rate of change indicates significant inflation. In other words, $160,000,000,000 in Minneapolis/St. Paul in the year 1989 would cost $383,895,081,967.21 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2023 time period. Compared to inflation for all items in 1989 (4.83%), 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
Admission to sporting events · Juices and nonalcoholic drinks · Fish and seafood · Bananas · More

Buying power of $160,000,000,000.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $160,000,000,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$160,000,000,000.004.10%
1990$166,557,377,049.184.10%
1991$171,016,393,442.622.68%
1992$177,049,180,327.873.53%
1993$182,557,377,049.183.11%
1994$188,327,868,852.463.16%
1995$192,786,885,245.902.37%
1996$199,213,114,754.103.33%
1997$203,803,278,688.522.30%
1998$207,606,557,377.051.87%
1999$214,163,934,426.233.16%
2000$223,081,967,213.114.16%
2001$231,475,409,836.073.76%
2002$235,540,983,606.561.76%
2003$239,606,557,377.051.73%
2004$246,426,229,508.202.85%
2005$253,245,901,639.342.77%
2006$257,311,475,409.841.61%
2007$263,930,491,803.282.57%
2008$274,043,278,688.523.83%
2009$272,641,311,475.41-0.51%
2010$277,676,065,573.771.85%
2011$287,657,704,918.033.59%
2012$294,372,459,016.392.33%
2013$300,080,000,000.001.94%
2014$304,279,344,262.301.40%
2015$302,382,950,819.67-0.62%
2016$307,075,409,836.071.55%
2017$313,756,065,573.772.18%
2018$321,270,819,672.132.40%
2019$328,007,868,852.462.10%
2020$331,799,344,262.301.16%
2021$347,860,983,606.564.84%
2022$373,780,983,606.567.45%
2023$383,895,081,967.212.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1989 * 1989 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 292.720 in 2023:

292.720 / 122.000 * $160,000,000,000 = $383,895,081,967.21

Therefore, according to U.S. Bureau of Labor Statistics, $160,000,000,000 in 1989 has the same "purchasing power" as $383,895,081,967.21 in 2023 (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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