Minneapolis/St. Paul, Minnesota prices: $1,200,000,000 in 1990 $2,833,247,244.09 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,633,247,244.09 difference in value).

Between 1990 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $1,200,000,000 in Minneapolis/St. Paul in the year 1990 would cost $2,833,247,244.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.61% 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 1990-2024 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
College tuition and fees · Financial services · Milk · Wine at home · More

Buying power of $1,200,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,200,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,200,000,000.004.10%
1991$1,232,125,984.252.68%
1992$1,275,590,551.183.53%
1993$1,315,275,590.553.11%
1994$1,356,850,393.703.16%
1995$1,388,976,377.952.37%
1996$1,435,275,590.553.33%
1997$1,468,346,456.692.30%
1998$1,495,748,031.501.87%
1999$1,542,992,125.983.16%
2000$1,607,244,094.494.16%
2001$1,667,716,535.433.76%
2002$1,697,007,874.021.76%
2003$1,726,299,212.601.73%
2004$1,775,433,070.872.85%
2005$1,824,566,929.132.77%
2006$1,853,858,267.721.61%
2007$1,901,546,456.692.57%
2008$1,974,406,299.213.83%
2009$1,964,305,511.81-0.51%
2010$2,000,579,527.561.85%
2011$2,072,494,488.193.59%
2012$2,120,872,440.942.33%
2013$2,161,993,700.791.94%
2014$2,192,248,818.901.40%
2015$2,178,585,826.77-0.62%
2016$2,212,393,700.791.55%
2017$2,260,525,984.252.18%
2018$2,314,667,716.542.40%
2019$2,363,206,299.212.10%
2020$2,390,522,834.651.16%
2021$2,506,242,519.694.84%
2022$2,692,988,976.387.45%
2023$2,765,858,267.722.71%
2024$2,833,247,244.092.44%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1990 * 1990 USD value = 2024 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 299.852 in 2024:

299.852 / 127.000 * $1,200,000,000 = $2,833,247,244.09

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000,000 in 1990 has the same "purchasing power" as $2,833,247,244.09 in 2024 (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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