Minneapolis/St. Paul, Minnesota prices: $22,000,000,000 in 1990 $51,942,866,141.73 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($22,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $29,942,866,141.73 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, $22,000,000,000 in Minneapolis/St. Paul in the year 1990 would cost $51,942,866,141.73 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 $22,000,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $22,000,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$22,000,000,000.004.10%
1991$22,588,976,377.952.68%
1992$23,385,826,771.653.53%
1993$24,113,385,826.773.11%
1994$24,875,590,551.183.16%
1995$25,464,566,929.132.37%
1996$26,313,385,826.773.33%
1997$26,919,685,039.372.30%
1998$27,422,047,244.091.87%
1999$28,288,188,976.383.16%
2000$29,466,141,732.284.16%
2001$30,574,803,149.613.76%
2002$31,111,811,023.621.76%
2003$31,648,818,897.641.73%
2004$32,549,606,299.212.85%
2005$33,450,393,700.792.77%
2006$33,987,401,574.801.61%
2007$34,861,685,039.372.57%
2008$36,197,448,818.903.83%
2009$36,012,267,716.54-0.51%
2010$36,677,291,338.581.85%
2011$37,995,732,283.463.59%
2012$38,882,661,417.322.33%
2013$39,636,551,181.101.94%
2014$40,191,228,346.461.40%
2015$39,940,740,157.48-0.62%
2016$40,560,551,181.101.55%
2017$41,442,976,377.952.18%
2018$42,435,574,803.152.40%
2019$43,325,448,818.902.10%
2020$43,826,251,968.501.16%
2021$45,947,779,527.564.84%
2022$49,371,464,566.937.45%
2023$50,707,401,574.802.71%
2024$51,942,866,141.732.44%*

* 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 * $22,000,000,000 = $51,942,866,141.73

Therefore, according to U.S. Bureau of Labor Statistics, $22,000,000,000 in 1990 has the same "purchasing power" as $51,942,866,141.73 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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