Minneapolis/St. Paul, Minnesota prices: $63,000,000,000 in 1990 $145,207,559,055.12 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($63,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $82,207,559,055.12 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, $63,000,000,000 in Minneapolis/St. Paul in the year 1990 would cost $145,207,559,055.12 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 $63,000,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $63,000,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$63,000,000,000.004.10%
1991$64,686,614,173.232.68%
1992$66,968,503,937.013.53%
1993$69,051,968,503.943.11%
1994$71,234,645,669.293.16%
1995$72,921,259,842.522.37%
1996$75,351,968,503.943.33%
1997$77,088,188,976.382.30%
1998$78,526,771,653.541.87%
1999$81,007,086,614.173.16%
2000$84,380,314,960.634.16%
2001$87,555,118,110.243.76%
2002$89,092,913,385.831.76%
2003$90,630,708,661.421.73%
2004$93,210,236,220.472.85%
2005$95,789,763,779.532.77%
2006$97,327,559,055.121.61%
2007$99,831,188,976.382.57%
2008$103,656,330,708.663.83%
2009$103,126,039,370.08-0.51%
2010$105,030,425,196.851.85%
2011$108,805,960,629.923.59%
2012$111,345,803,149.612.33%
2013$113,504,669,291.341.94%
2014$115,093,062,992.131.40%
2015$114,375,755,905.51-0.62%
2016$116,150,669,291.341.55%
2017$118,677,614,173.232.18%
2018$121,520,055,118.112.40%
2019$124,068,330,708.662.10%
2020$125,502,448,818.901.16%
2021$131,577,732,283.464.84%
2022$141,381,921,259.847.45%
2023$145,207,559,055.122.71%*

* 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 * $63,000,000,000 = $145,207,559,055.12

Therefore, according to U.S. Bureau of Labor Statistics, $63,000,000,000 in 1990 has the same "purchasing power" as $145,207,559,055.12 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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