Minneapolis/St. Paul, Minnesota prices: $600,788,188 in 1990 $1,384,745,814.11 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($600,788,188)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $783,957,626.11 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, $600,788,188 in Minneapolis/St. Paul in the year 1990 would cost $1,384,745,814.11 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
Public transportation · College tuition and fees · Women's apparel · Financial services · More

Buying power of $600,788,188.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $600,788,188 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$600,788,188.004.10%
1991$616,872,281.222.68%
1992$638,633,113.233.53%
1993$658,501,698.973.11%
1994$679,316,407.853.16%
1995$695,400,501.072.37%
1996$718,580,517.773.33%
1997$735,137,672.562.30%
1998$748,856,457.961.87%
1999$772,509,536.223.16%
2000$804,677,722.674.16%
2001$834,953,662.853.76%
2002$849,618,571.381.76%
2003$864,283,479.901.73%
2004$888,882,681.302.85%
2005$913,481,882.702.77%
2006$928,146,791.231.61%
2007$952,022,208.432.57%
2008$988,499,985.733.83%
2009$983,442,957.60-0.51%
2010$1,001,603,791.091.85%
2011$1,037,608,506.833.59%
2012$1,061,829,258.982.33%
2013$1,082,416,898.301.94%
2014$1,097,564,329.631.40%
2015$1,090,723,859.39-0.62%
2016$1,107,650,002.201.55%
2017$1,131,747,758.342.18%
2018$1,158,854,186.032.40%
2019$1,183,155,358.652.10%
2020$1,196,831,568.501.16%
2021$1,254,767,418.414.84%
2022$1,348,263,306.197.45%
2023$1,384,745,814.112.71%*

* 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 * $600,788,188 = $1,384,745,814.11

Therefore, according to U.S. Bureau of Labor Statistics, $600,788,188 in 1990 has the same "purchasing power" as $1,384,745,814.11 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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