Minneapolis/St. Paul, Minnesota prices: $44,200,000,000 in 1990 $101,875,779,527.56 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($44,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $57,675,779,527.56 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, $44,200,000,000 in Minneapolis/St. Paul in the year 1990 would cost $101,875,779,527.56 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 $44,200,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $44,200,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$44,200,000,000.004.10%
1991$45,383,307,086.612.68%
1992$46,984,251,968.503.53%
1993$48,445,984,251.973.11%
1994$49,977,322,834.653.16%
1995$51,160,629,921.262.37%
1996$52,865,984,251.973.33%
1997$54,084,094,488.192.30%
1998$55,093,385,826.771.87%
1999$56,833,543,307.093.16%
2000$59,200,157,480.314.16%
2001$61,427,559,055.123.76%
2002$62,506,456,692.911.76%
2003$63,585,354,330.711.73%
2004$65,395,118,110.242.85%
2005$67,204,881,889.762.77%
2006$68,283,779,527.561.61%
2007$70,040,294,488.192.57%
2008$72,723,965,354.333.83%
2009$72,351,919,685.04-0.51%
2010$73,688,012,598.431.85%
2011$76,336,880,314.963.59%
2012$78,118,801,574.802.33%
2013$79,633,434,645.671.94%
2014$80,747,831,496.061.40%
2015$80,244,577,952.76-0.62%
2016$81,489,834,645.671.55%
2017$83,262,707,086.612.18%
2018$85,256,927,559.062.40%
2019$87,044,765,354.332.10%
2020$88,050,924,409.451.16%
2021$92,313,266,141.734.84%
2022$99,191,760,629.927.45%
2023$101,875,779,527.562.71%*

* 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 * $44,200,000,000 = $101,875,779,527.56

Therefore, according to U.S. Bureau of Labor Statistics, $44,200,000,000 in 1990 has the same "purchasing power" as $101,875,779,527.56 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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