Minneapolis/St. Paul, Minnesota prices: $447,000,000 in 1990 $1,055,384,598.43 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($447,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $608,384,598.43 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, $447,000,000 in Minneapolis/St. Paul in the year 1990 would cost $1,055,384,598.43 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
Housing · Juices and nonalcoholic drinks · Minneapolis-St Paul, Minnesota · Dental services · More

Buying power of $447,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $447,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$447,000,000.004.10%
1991$458,966,929.132.68%
1992$475,157,480.313.53%
1993$489,940,157.483.11%
1994$505,426,771.653.16%
1995$517,393,700.792.37%
1996$534,640,157.483.33%
1997$546,959,055.122.30%
1998$557,166,141.731.87%
1999$574,764,566.933.16%
2000$598,698,425.204.16%
2001$621,224,409.453.76%
2002$632,135,433.071.76%
2003$643,046,456.691.73%
2004$661,348,818.902.85%
2005$679,651,181.102.77%
2006$690,562,204.721.61%
2007$708,326,055.122.57%
2008$735,466,346.463.83%
2009$731,703,803.15-0.51%
2010$745,215,874.021.85%
2011$772,004,196.853.59%
2012$790,024,984.252.33%
2013$805,342,653.541.94%
2014$816,612,685.041.40%
2015$811,523,220.47-0.62%
2016$824,116,653.541.55%
2017$842,045,929.132.18%
2018$862,213,724.412.40%
2019$880,294,346.462.10%
2020$890,469,755.911.16%
2021$933,575,338.584.84%
2022$1,003,138,393.707.45%
2023$1,030,282,204.722.71%
2024$1,055,384,598.432.44%*

* 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 * $447,000,000 = $1,055,384,598.43

Therefore, according to U.S. Bureau of Labor Statistics, $447,000,000 in 1990 has the same "purchasing power" as $1,055,384,598.43 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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