Minneapolis/St. Paul, Minnesota prices: $1,700,000,000 in 1990 $4,013,766,929.13 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,313,766,929.13 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, $1,700,000,000 in Minneapolis/St. Paul in the year 1990 would cost $4,013,766,929.13 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
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Buying power of $1,700,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,700,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,700,000,000.004.10%
1991$1,745,511,811.022.68%
1992$1,807,086,614.173.53%
1993$1,863,307,086.613.11%
1994$1,922,204,724.413.16%
1995$1,967,716,535.432.37%
1996$2,033,307,086.613.33%
1997$2,080,157,480.312.30%
1998$2,118,976,377.951.87%
1999$2,185,905,511.813.16%
2000$2,276,929,133.864.16%
2001$2,362,598,425.203.76%
2002$2,404,094,488.191.76%
2003$2,445,590,551.181.73%
2004$2,515,196,850.392.85%
2005$2,584,803,149.612.77%
2006$2,626,299,212.601.61%
2007$2,693,857,480.312.57%
2008$2,797,075,590.553.83%
2009$2,782,766,141.73-0.51%
2010$2,834,154,330.711.85%
2011$2,936,033,858.273.59%
2012$3,004,569,291.342.33%
2013$3,062,824,409.451.94%
2014$3,105,685,826.771.40%
2015$3,086,329,921.26-0.62%
2016$3,134,224,409.451.55%
2017$3,202,411,811.022.18%
2018$3,279,112,598.432.40%
2019$3,347,875,590.552.10%
2020$3,386,574,015.751.16%
2021$3,550,510,236.224.84%
2022$3,815,067,716.547.45%
2023$3,918,299,212.602.71%
2024$4,013,766,929.132.44%*

* 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 * $1,700,000,000 = $4,013,766,929.13

Therefore, according to U.S. Bureau of Labor Statistics, $1,700,000,000 in 1990 has the same "purchasing power" as $4,013,766,929.13 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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