Minneapolis/St. Paul, Minnesota prices: $145,000,000 in 1990 $334,207,874.02 in 2023

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2023 ($145,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $189,207,874.02 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, $145,000,000 in Minneapolis/St. Paul in the year 1990 would cost $334,207,874.02 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
Public transportation · Educational books and supplies · Fish and seafood · Phoenix, Arizona · More

Buying power of $145,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $145,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$145,000,000.004.10%
1991$148,881,889.762.68%
1992$154,133,858.273.53%
1993$158,929,133.863.11%
1994$163,952,755.913.16%
1995$167,834,645.672.37%
1996$173,429,133.863.33%
1997$177,425,196.852.30%
1998$180,736,220.471.87%
1999$186,444,881.893.16%
2000$194,208,661.424.16%
2001$201,515,748.033.76%
2002$205,055,118.111.76%
2003$208,594,488.191.73%
2004$214,531,496.062.85%
2005$220,468,503.942.77%
2006$224,007,874.021.61%
2007$229,770,196.852.57%
2008$238,574,094.493.83%
2009$237,353,582.68-0.51%
2010$241,736,692.911.85%
2011$250,426,417.323.59%
2012$256,272,086.612.33%
2013$261,240,905.511.94%
2014$264,896,732.281.40%
2015$263,245,787.40-0.62%
2016$267,330,905.511.55%
2017$273,146,889.762.18%
2018$279,689,015.752.40%
2019$285,554,094.492.10%
2020$288,854,842.521.16%
2021$302,837,637.804.84%
2022$325,402,834.657.45%
2023$334,207,874.022.71%*

* 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 * $145,000,000 = $334,207,874.02

Therefore, according to U.S. Bureau of Labor Statistics, $145,000,000 in 1990 has the same "purchasing power" as $334,207,874.02 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.

» Read more about inflation and investment.