According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $652,440,944.88 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, $500,000,000 in Minneapolis/St. Paul in the year 1990 would cost $1,152,440,944.88 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.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $500,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1990 | $500,000,000.00 | 4.10% |
1991 | $513,385,826.77 | 2.68% |
1992 | $531,496,062.99 | 3.53% |
1993 | $548,031,496.06 | 3.11% |
1994 | $565,354,330.71 | 3.16% |
1995 | $578,740,157.48 | 2.37% |
1996 | $598,031,496.06 | 3.33% |
1997 | $611,811,023.62 | 2.30% |
1998 | $623,228,346.46 | 1.87% |
1999 | $642,913,385.83 | 3.16% |
2000 | $669,685,039.37 | 4.16% |
2001 | $694,881,889.76 | 3.76% |
2002 | $707,086,614.17 | 1.76% |
2003 | $719,291,338.58 | 1.73% |
2004 | $739,763,779.53 | 2.85% |
2005 | $760,236,220.47 | 2.77% |
2006 | $772,440,944.88 | 1.61% |
2007 | $792,311,023.62 | 2.57% |
2008 | $822,669,291.34 | 3.83% |
2009 | $818,460,629.92 | -0.51% |
2010 | $833,574,803.15 | 1.85% |
2011 | $863,539,370.08 | 3.59% |
2012 | $883,696,850.39 | 2.33% |
2013 | $900,830,708.66 | 1.94% |
2014 | $913,437,007.87 | 1.40% |
2015 | $907,744,094.49 | -0.62% |
2016 | $921,830,708.66 | 1.55% |
2017 | $941,885,826.77 | 2.18% |
2018 | $964,444,881.89 | 2.40% |
2019 | $984,669,291.34 | 2.10% |
2020 | $996,051,181.10 | 1.16% |
2021 | $1,044,267,716.54 | 4.84% |
2022 | $1,122,078,740.16 | 7.45% |
2023 | $1,152,440,944.88 | 2.71%* |
* 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:
Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 103.100 | 107.000 | 108.400 | 111.600 | 117.200 | 122.000 | 127.000 | 130.400 | 135.000 | 139.200 | 143.600 | 147.000 | 151.900 | 155.400 | 158.300 | 163.300 | 170.100 | 176.500 | 179.600 | 182.700 | 187.900 | 193.100 | 196.200 | 201.247 | 208.958 | 207.889 | 211.728 | 219.339 | 224.459 | 228.811 | 232.013 | 230.567 | 234.145 | 239.239 | 244.969 | 250.106 | 252.997 | 265.244 | 285.008 | 292.720 |