Minneapolis/St. Paul, Minnesota prices: $504,000,000 in 1992 $1,092,821,333.33 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2023 ($504,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 116.83% higher in 2023 versus 1992 (a $588,821,333.33 difference in value).

Between 1992 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, $504,000,000 in Minneapolis/St. Paul in the year 1992 would cost $1,092,821,333.33 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2023 time period. Compared to inflation for all items in 1992 (3.03%), inflation in Minneapolis/St. Paul was higher.

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 $504,000,000.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $504,000,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$504,000,000.003.53%
1993$519,680,000.003.11%
1994$536,106,666.673.16%
1995$548,800,000.002.37%
1996$567,093,333.333.33%
1997$580,160,000.002.30%
1998$590,986,666.671.87%
1999$609,653,333.333.16%
2000$635,040,000.004.16%
2001$658,933,333.333.76%
2002$670,506,666.671.76%
2003$682,080,000.001.73%
2004$701,493,333.332.85%
2005$720,906,666.672.77%
2006$732,480,000.001.61%
2007$751,322,133.332.57%
2008$780,109,866.673.83%
2009$776,118,933.33-0.51%
2010$790,451,200.001.85%
2011$818,865,600.003.59%
2012$837,980,266.672.33%
2013$854,227,733.331.94%
2014$866,181,866.671.40%
2015$860,783,466.67-0.62%
2016$874,141,333.331.55%
2017$893,158,933.332.18%
2018$914,550,933.332.40%
2019$933,729,066.672.10%
2020$944,522,133.331.16%
2021$990,244,266.674.84%
2022$1,064,029,866.677.45%
2023$1,092,821,333.332.71%*

* 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 1992 * 1992 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 135.000 in the year 1992 and 292.720 in 2023:

292.720 / 135.000 * $504,000,000 = $1,092,821,333.33

Therefore, according to U.S. Bureau of Labor Statistics, $504,000,000 in 1992 has the same "purchasing power" as $1,092,821,333.33 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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