Minneapolis/St. Paul, Minnesota prices: $508,963,286,286 in 1990 $1,173,100,261,115.26 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($508,963,286,286)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $664,136,974,829.26 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, $508,963,286,286 in Minneapolis/St. Paul in the year 1990 would cost $1,173,100,261,115.26 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 $508,963,286,286.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $508,963,286,286 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$508,963,286,286.004.10%
1991$522,589,075,052.712.68%
1992$541,023,965,737.093.53%
1993$557,855,822,448.913.11%
1994$575,489,196,147.003.16%
1995$589,114,984,913.722.37%
1996$608,752,151,077.513.33%
1997$622,778,698,337.362.30%
1998$634,400,694,638.381.87%
1999$654,438,619,295.313.16%
2000$681,690,196,828.734.16%
2001$707,338,740,389.603.76%
2002$719,762,253,676.891.76%
2003$732,185,766,964.191.73%
2004$753,025,208,607.402.85%
2005$773,864,650,250.602.77%
2006$786,288,163,537.901.61%
2007$806,514,444,686.602.57%
2008$837,416,932,092.523.83%
2009$833,132,823,800.87-0.51%
2010$848,517,942,352.461.85%
2011$879,019,671,265.243.59%
2012$899,538,506,113.932.33%
2013$916,979,515,735.321.94%
2014$929,811,802,685.621.40%
2015$924,016,834,874.84-0.62%
2016$938,355,973,759.331.55%
2017$958,770,611,399.812.18%
2018$981,734,073,056.652.40%
2019$1,002,321,036,849.182.10%
2020$1,013,906,964,885.821.16%
2021$1,062,987,857,540.504.84%
2022$1,142,193,766,124.417.45%
2023$1,173,100,261,115.262.71%*

* 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 * $508,963,286,286 = $1,173,100,261,115.26

Therefore, according to U.S. Bureau of Labor Statistics, $508,963,286,286 in 1990 has the same "purchasing power" as $1,173,100,261,115.26 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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