Minneapolis/St. Paul, Minnesota prices: $4,300,000,000 in 1990 $9,910,992,125.98 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($4,300,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $5,610,992,125.98 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, $4,300,000,000 in Minneapolis/St. Paul in the year 1990 would cost $9,910,992,125.98 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
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Buying power of $4,300,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $4,300,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$4,300,000,000.004.10%
1991$4,415,118,110.242.68%
1992$4,570,866,141.733.53%
1993$4,713,070,866.143.11%
1994$4,862,047,244.093.16%
1995$4,977,165,354.332.37%
1996$5,143,070,866.143.33%
1997$5,261,574,803.152.30%
1998$5,359,763,779.531.87%
1999$5,529,055,118.113.16%
2000$5,759,291,338.584.16%
2001$5,975,984,251.973.76%
2002$6,080,944,881.891.76%
2003$6,185,905,511.811.73%
2004$6,361,968,503.942.85%
2005$6,538,031,496.062.77%
2006$6,642,992,125.981.61%
2007$6,813,874,803.152.57%
2008$7,074,955,905.513.83%
2009$7,038,761,417.32-0.51%
2010$7,168,743,307.091.85%
2011$7,426,438,582.683.59%
2012$7,599,792,913.392.33%
2013$7,747,144,094.491.94%
2014$7,855,558,267.721.40%
2015$7,806,599,212.60-0.62%
2016$7,927,744,094.491.55%
2017$8,100,218,110.242.18%
2018$8,294,225,984.252.40%
2019$8,468,155,905.512.10%
2020$8,566,040,157.481.16%
2021$8,980,702,362.204.84%
2022$9,649,877,165.357.45%
2023$9,910,992,125.982.71%*

* 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 * $4,300,000,000 = $9,910,992,125.98

Therefore, according to U.S. Bureau of Labor Statistics, $4,300,000,000 in 1990 has the same "purchasing power" as $9,910,992,125.98 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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