Minneapolis/St. Paul, Minnesota prices: $21,080,000,000 in 1990 $49,770,709,921.26 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($21,080,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $28,690,709,921.26 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, $21,080,000,000 in Minneapolis/St. Paul in the year 1990 would cost $49,770,709,921.26 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
Juices and nonalcoholic drinks · Airline fares · Boston, Massachusetts · Bread · More

Buying power of $21,080,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $21,080,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$21,080,000,000.004.10%
1991$21,644,346,456.692.68%
1992$22,407,874,015.753.53%
1993$23,105,007,874.023.11%
1994$23,835,338,582.683.16%
1995$24,399,685,039.372.37%
1996$25,213,007,874.023.33%
1997$25,793,952,755.912.30%
1998$26,275,307,086.611.87%
1999$27,105,228,346.463.16%
2000$28,233,921,259.844.16%
2001$29,296,220,472.443.76%
2002$29,810,771,653.541.76%
2003$30,325,322,834.651.73%
2004$31,188,440,944.882.85%
2005$32,051,559,055.122.77%
2006$32,566,110,236.221.61%
2007$33,403,832,755.912.57%
2008$34,683,737,322.833.83%
2009$34,506,300,157.48-0.51%
2010$35,143,513,700.791.85%
2011$36,406,819,842.523.59%
2012$37,256,659,212.602.33%
2013$37,979,022,677.171.94%
2014$38,510,504,251.971.40%
2015$38,270,491,023.62-0.62%
2016$38,864,382,677.171.55%
2017$39,709,906,456.692.18%
2018$40,660,996,220.472.40%
2019$41,513,657,322.832.10%
2020$41,993,517,795.281.16%
2021$44,026,326,929.134.84%
2022$47,306,839,685.047.45%
2023$48,586,910,236.222.71%
2024$49,770,709,921.262.44%*

* 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 * $21,080,000,000 = $49,770,709,921.26

Therefore, according to U.S. Bureau of Labor Statistics, $21,080,000,000 in 1990 has the same "purchasing power" as $49,770,709,921.26 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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