Minneapolis/St. Paul, Minnesota prices: $77,153,487 in 1990 $177,829,674.92 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($77,153,487)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $100,676,187.92 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, $77,153,487 in Minneapolis/St. Paul in the year 1990 would cost $177,829,674.92 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 $77,153,487.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $77,153,487 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$77,153,487.004.10%
1991$79,219,013.422.68%
1992$82,013,549.173.53%
1993$84,565,081.813.11%
1994$87,238,116.013.16%
1995$89,303,642.432.37%
1996$92,280,430.513.33%
1997$94,406,707.712.30%
1998$96,168,480.251.87%
1999$99,206,019.113.16%
2000$103,337,071.964.16%
2001$107,225,121.703.76%
2002$109,108,395.791.76%
2003$110,991,669.881.73%
2004$114,150,710.292.85%
2005$117,309,750.712.77%
2006$119,193,024.801.61%
2007$122,259,116.522.57%
2008$126,943,608.953.83%
2009$126,294,183.14-0.51%
2010$128,626,405.481.85%
2011$133,250,147.133.59%
2012$136,360,586.922.33%
2013$139,004,460.741.94%
2014$140,949,700.621.40%
2015$140,071,244.39-0.62%
2016$142,244,907.191.55%
2017$145,339,551.782.18%
2018$148,820,571.312.40%
2019$151,941,338.742.10%
2020$153,697,643.711.16%
2021$161,137,791.384.84%
2022$173,144,574.987.45%
2023$177,829,674.922.71%*

* 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 * $77,153,487 = $177,829,674.92

Therefore, according to U.S. Bureau of Labor Statistics, $77,153,487 in 1990 has the same "purchasing power" as $177,829,674.92 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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