Minneapolis/St. Paul, Minnesota prices: $42,000,000,000 in 1990 $96,805,039,370.08 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($42,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $54,805,039,370.08 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $42,000,000,000 in Minneapolis/St. Paul in the year 1990 would cost $96,805,039,370.08 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2023 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 $42,000,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $42,000,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$42,000,000,000.004.10%
1991$43,124,409,448.822.68%
1992$44,645,669,291.343.53%
1993$46,034,645,669.293.11%
1994$47,489,763,779.533.16%
1995$48,614,173,228.352.37%
1996$50,234,645,669.293.33%
1997$51,392,125,984.252.30%
1998$52,351,181,102.361.87%
1999$54,004,724,409.453.16%
2000$56,253,543,307.094.16%
2001$58,370,078,740.163.76%
2002$59,395,275,590.551.76%
2003$60,420,472,440.941.73%
2004$62,140,157,480.312.85%
2005$63,859,842,519.692.77%
2006$64,885,039,370.081.61%
2007$66,554,125,984.252.57%
2008$69,104,220,472.443.83%
2009$68,750,692,913.39-0.51%
2010$70,020,283,464.571.85%
2011$72,537,307,086.613.59%
2012$74,230,535,433.072.33%
2013$75,669,779,527.561.94%
2014$76,728,708,661.421.40%
2015$76,250,503,937.01-0.62%
2016$77,433,779,527.561.55%
2017$79,118,409,448.822.18%
2018$81,013,370,078.742.40%
2019$82,712,220,472.442.10%
2020$83,668,299,212.601.16%
2021$87,718,488,188.984.84%
2022$94,254,614,173.237.45%
2023$96,805,039,370.082.71%*

* 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 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $42,000,000,000 = $96,805,039,370.08

Therefore, according to U.S. Bureau of Labor Statistics, $42,000,000,000 in 1990 has the same "purchasing power" as $96,805,039,370.08 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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