Minneapolis/St. Paul, Minnesota prices: $500 in 1990 $964.44 in 2018

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2018 ($500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota were 92.89% higher in 2018 versus 1990 (a $464.44 difference in value).

Between 1990 and 2018: Minneapolis/St. Paul experienced an average inflation rate of 2.37% per year. This rate of change indicates significant inflation. In other words, $500 in Minneapolis/St. Paul in the year 1990 would cost $964.44 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.36% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2018 time period. Compared to inflation for all items in 1990 (5.40%), 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 $500.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $500 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$500.004.10%
1991$513.392.68%
1992$531.503.53%
1993$548.033.11%
1994$565.353.16%
1995$578.742.37%
1996$598.033.33%
1997$611.812.30%
1998$623.231.87%
1999$642.913.16%
2000$669.694.16%
2001$694.883.76%
2002$707.091.76%
2003$719.291.73%
2004$739.762.85%
2005$760.242.77%
2006$772.441.61%
2007$792.312.57%
2008$822.673.83%
2009$818.46-0.51%
2010$833.571.85%
2011$863.543.59%
2012$883.702.33%
2013$900.831.94%
2014$913.441.40%
2015$907.74-0.62%
2016$921.831.55%
2017$941.892.18%
2018$964.442.40%
2019$984.672.10%
2020$996.051.16%
2021$1,044.274.84%
2022$1,122.087.45%
2023$1,152.442.71%*

* 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 2018 / CPI in 1990 * 1990 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 127.000 in the year 1990 and 244.969 in 2018:

244.969 / 127.000 * $500 = $964.44

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1990 has the same "purchasing power" as $964.44 in 2018 (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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