Minneapolis/St. Paul, Minnesota prices: $550,000,000 in 1990 $1,298,571,653.54 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($550,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $748,571,653.54 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, $550,000,000 in Minneapolis/St. Paul in the year 1990 would cost $1,298,571,653.54 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%).

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Buying power of $550,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $550,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$550,000,000.004.10%
1991$564,724,409.452.68%
1992$584,645,669.293.53%
1993$602,834,645.673.11%
1994$621,889,763.783.16%
1995$636,614,173.232.37%
1996$657,834,645.673.33%
1997$672,992,125.982.30%
1998$685,551,181.101.87%
1999$707,204,724.413.16%
2000$736,653,543.314.16%
2001$764,370,078.743.76%
2002$777,795,275.591.76%
2003$791,220,472.441.73%
2004$813,740,157.482.85%
2005$836,259,842.522.77%
2006$849,685,039.371.61%
2007$871,542,125.982.57%
2008$904,936,220.473.83%
2009$900,306,692.91-0.51%
2010$916,932,283.461.85%
2011$949,893,307.093.59%
2012$972,066,535.432.33%
2013$990,913,779.531.94%
2014$1,004,780,708.661.40%
2015$998,518,503.94-0.62%
2016$1,014,013,779.531.55%
2017$1,036,074,409.452.18%
2018$1,060,889,370.082.40%
2019$1,083,136,220.472.10%
2020$1,095,656,299.211.16%
2021$1,148,694,488.194.84%
2022$1,234,286,614.177.45%
2023$1,267,685,039.372.71%
2024$1,298,571,653.542.44%*

* 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 * $550,000,000 = $1,298,571,653.54

Therefore, according to U.S. Bureau of Labor Statistics, $550,000,000 in 1990 has the same "purchasing power" as $1,298,571,653.54 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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