Minneapolis/St. Paul, Minnesota prices: $300,000,000 in 1990 $691,464,566.93 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($300,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $391,464,566.93 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $300,000,000 in Minneapolis/St. Paul in the year 1990 would cost $691,464,566.93 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1990-2023 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
Financial services · Film and photographic supplies · Indoor plants and flowers · New trucks · More

Buying power of $300,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $300,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$300,000,000.004.10%
1991$308,031,496.062.68%
1992$318,897,637.803.53%
1993$328,818,897.643.11%
1994$339,212,598.433.16%
1995$347,244,094.492.37%
1996$358,818,897.643.33%
1997$367,086,614.172.30%
1998$373,937,007.871.87%
1999$385,748,031.503.16%
2000$401,811,023.624.16%
2001$416,929,133.863.76%
2002$424,251,968.501.76%
2003$431,574,803.151.73%
2004$443,858,267.722.85%
2005$456,141,732.282.77%
2006$463,464,566.931.61%
2007$475,386,614.172.57%
2008$493,601,574.803.83%
2009$491,076,377.95-0.51%
2010$500,144,881.891.85%
2011$518,123,622.053.59%
2012$530,218,110.242.33%
2013$540,498,425.201.94%
2014$548,062,204.721.40%
2015$544,646,456.69-0.62%
2016$553,098,425.201.55%
2017$565,131,496.062.18%
2018$578,666,929.132.40%
2019$590,801,574.802.10%
2020$597,630,708.661.16%
2021$626,560,629.924.84%
2022$673,247,244.097.45%
2023$691,464,566.932.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $300,000,000 = $691,464,566.93

Therefore, according to U.S. Bureau of Labor Statistics, $300,000,000 in 1990 has the same "purchasing power" as $691,464,566.93 in 2023 (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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