Minneapolis/St. Paul, Minnesota prices: $1,500,000,000 in 1990 $3,457,322,834.65 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($1,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $1,957,322,834.65 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, $1,500,000,000 in Minneapolis/St. Paul in the year 1990 would cost $3,457,322,834.65 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 $1,500,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,500,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,500,000,000.004.10%
1991$1,540,157,480.312.68%
1992$1,594,488,188.983.53%
1993$1,644,094,488.193.11%
1994$1,696,062,992.133.16%
1995$1,736,220,472.442.37%
1996$1,794,094,488.193.33%
1997$1,835,433,070.872.30%
1998$1,869,685,039.371.87%
1999$1,928,740,157.483.16%
2000$2,009,055,118.114.16%
2001$2,084,645,669.293.76%
2002$2,121,259,842.521.76%
2003$2,157,874,015.751.73%
2004$2,219,291,338.582.85%
2005$2,280,708,661.422.77%
2006$2,317,322,834.651.61%
2007$2,376,933,070.872.57%
2008$2,468,007,874.023.83%
2009$2,455,381,889.76-0.51%
2010$2,500,724,409.451.85%
2011$2,590,618,110.243.59%
2012$2,651,090,551.182.33%
2013$2,702,492,125.981.94%
2014$2,740,311,023.621.40%
2015$2,723,232,283.46-0.62%
2016$2,765,492,125.981.55%
2017$2,825,657,480.312.18%
2018$2,893,334,645.672.40%
2019$2,954,007,874.022.10%
2020$2,988,153,543.311.16%
2021$3,132,803,149.614.84%
2022$3,366,236,220.477.45%
2023$3,457,322,834.652.71%*

* 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 * $1,500,000,000 = $3,457,322,834.65

Therefore, according to U.S. Bureau of Labor Statistics, $1,500,000,000 in 1990 has the same "purchasing power" as $3,457,322,834.65 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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