Minneapolis/St. Paul, Minnesota prices: $7,400,000,000,000 in 1990 $17,471,691,338,582.68 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($7,400,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $10,071,691,338,582.68 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, $7,400,000,000,000 in Minneapolis/St. Paul in the year 1990 would cost $17,471,691,338,582.68 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
Bananas · Jewelry · Frankfurters · Educational books and supplies · More

Buying power of $7,400,000,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7,400,000,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$7,400,000,000,000.004.10%
1991$7,598,110,236,220.472.68%
1992$7,866,141,732,283.473.53%
1993$8,110,866,141,732.283.11%
1994$8,367,244,094,488.193.16%
1995$8,565,354,330,708.662.37%
1996$8,850,866,141,732.283.33%
1997$9,054,803,149,606.302.30%
1998$9,223,779,527,559.061.87%
1999$9,515,118,110,236.223.16%
2000$9,911,338,582,677.174.16%
2001$10,284,251,968,503.943.76%
2002$10,464,881,889,763.781.76%
2003$10,645,511,811,023.621.73%
2004$10,948,503,937,007.872.85%
2005$11,251,496,062,992.132.77%
2006$11,432,125,984,251.971.61%
2007$11,726,203,149,606.302.57%
2008$12,175,505,511,811.023.83%
2009$12,113,217,322,834.65-0.51%
2010$12,336,907,086,614.171.85%
2011$12,780,382,677,165.363.59%
2012$13,078,713,385,826.772.33%
2013$13,332,294,488,188.981.94%
2014$13,518,867,716,535.441.40%
2015$13,434,612,598,425.20-0.62%
2016$13,643,094,488,188.981.55%
2017$13,939,910,236,220.472.18%
2018$14,273,784,251,968.502.40%
2019$14,573,105,511,811.022.10%
2020$14,741,557,480,314.961.16%
2021$15,455,162,204,724.414.84%
2022$16,606,765,354,330.717.45%
2023$17,056,125,984,251.972.71%
2024$17,471,691,338,582.682.44%*

* 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 * $7,400,000,000,000 = $17,471,691,338,582.68

Therefore, according to U.S. Bureau of Labor Statistics, $7,400,000,000,000 in 1990 has the same "purchasing power" as $17,471,691,338,582.68 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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