Minneapolis/St. Paul, Minnesota prices: $2,800,000,000 in 1990 $6,610,910,236.22 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($2,800,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $3,810,910,236.22 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, $2,800,000,000 in Minneapolis/St. Paul in the year 1990 would cost $6,610,910,236.22 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 · Juices and nonalcoholic drinks · Educational books and supplies · Seattle, Washington · More

Buying power of $2,800,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,800,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,800,000,000.004.10%
1991$2,874,960,629.922.68%
1992$2,976,377,952.763.53%
1993$3,068,976,377.953.11%
1994$3,165,984,251.973.16%
1995$3,240,944,881.892.37%
1996$3,348,976,377.953.33%
1997$3,426,141,732.282.30%
1998$3,490,078,740.161.87%
1999$3,600,314,960.633.16%
2000$3,750,236,220.474.16%
2001$3,891,338,582.683.76%
2002$3,959,685,039.371.76%
2003$4,028,031,496.061.73%
2004$4,142,677,165.352.85%
2005$4,257,322,834.652.77%
2006$4,325,669,291.341.61%
2007$4,436,941,732.282.57%
2008$4,606,948,031.503.83%
2009$4,583,379,527.56-0.51%
2010$4,668,018,897.641.85%
2011$4,835,820,472.443.59%
2012$4,948,702,362.202.33%
2013$5,044,651,968.501.94%
2014$5,115,247,244.091.40%
2015$5,083,366,929.13-0.62%
2016$5,162,251,968.501.55%
2017$5,274,560,629.922.18%
2018$5,400,891,338.582.40%
2019$5,514,148,031.502.10%
2020$5,577,886,614.171.16%
2021$5,847,899,212.604.84%
2022$6,283,640,944.887.45%
2023$6,453,669,291.342.71%
2024$6,610,910,236.222.44%*

* 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 * $2,800,000,000 = $6,610,910,236.22

Therefore, according to U.S. Bureau of Labor Statistics, $2,800,000,000 in 1990 has the same "purchasing power" as $6,610,910,236.22 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.

» Read more about inflation and investment.