Minneapolis/St. Paul, Minnesota prices: $27,900,000,000 in 1990 $65,872,998,425.20 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($27,900,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $37,972,998,425.20 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, $27,900,000,000 in Minneapolis/St. Paul in the year 1990 would cost $65,872,998,425.20 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
Wine at home · Food · Gasoline (all types) · Hospital services · More

Buying power of $27,900,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $27,900,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$27,900,000,000.004.10%
1991$28,646,929,133.862.68%
1992$29,657,480,314.963.53%
1993$30,580,157,480.313.11%
1994$31,546,771,653.543.16%
1995$32,293,700,787.402.37%
1996$33,370,157,480.313.33%
1997$34,139,055,118.112.30%
1998$34,776,141,732.281.87%
1999$35,874,566,929.133.16%
2000$37,368,425,196.854.16%
2001$38,774,409,448.823.76%
2002$39,455,433,070.871.76%
2003$40,136,456,692.911.73%
2004$41,278,818,897.642.85%
2005$42,421,181,102.362.77%
2006$43,102,204,724.411.61%
2007$44,210,955,118.112.57%
2008$45,904,946,456.693.83%
2009$45,670,103,149.61-0.51%
2010$46,513,474,015.751.85%
2011$48,185,496,850.393.59%
2012$49,310,284,251.972.33%
2013$50,266,353,543.311.94%
2014$50,969,785,039.371.40%
2015$50,652,120,472.44-0.62%
2016$51,438,153,543.311.55%
2017$52,557,229,133.862.18%
2018$53,816,024,409.452.40%
2019$54,944,546,456.692.10%
2020$55,579,655,905.511.16%
2021$58,270,138,582.684.84%
2022$62,611,993,700.797.45%
2023$64,306,204,724.412.71%
2024$65,872,998,425.202.44%*

* 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 * $27,900,000,000 = $65,872,998,425.20

Therefore, according to U.S. Bureau of Labor Statistics, $27,900,000,000 in 1990 has the same "purchasing power" as $65,872,998,425.20 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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