Minneapolis/St. Paul, Minnesota prices: $8,200,000,000 in 1990 $19,360,522,834.65 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($8,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $11,160,522,834.65 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, $8,200,000,000 in Minneapolis/St. Paul in the year 1990 would cost $19,360,522,834.65 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
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Buying power of $8,200,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,200,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$8,200,000,000.004.10%
1991$8,419,527,559.062.68%
1992$8,716,535,433.073.53%
1993$8,987,716,535.433.11%
1994$9,271,811,023.623.16%
1995$9,491,338,582.682.37%
1996$9,807,716,535.433.33%
1997$10,033,700,787.402.30%
1998$10,220,944,881.891.87%
1999$10,543,779,527.563.16%
2000$10,982,834,645.674.16%
2001$11,396,062,992.133.76%
2002$11,596,220,472.441.76%
2003$11,796,377,952.761.73%
2004$12,132,125,984.252.85%
2005$12,467,874,015.752.77%
2006$12,668,031,496.061.61%
2007$12,993,900,787.402.57%
2008$13,491,776,377.953.83%
2009$13,422,754,330.71-0.51%
2010$13,670,626,771.651.85%
2011$14,162,045,669.293.59%
2012$14,492,628,346.462.33%
2013$14,773,623,622.051.94%
2014$14,980,366,929.131.40%
2015$14,887,003,149.61-0.62%
2016$15,118,023,622.051.55%
2017$15,446,927,559.062.18%
2018$15,816,896,062.992.40%
2019$16,148,576,377.952.10%
2020$16,335,239,370.081.16%
2021$17,125,990,551.184.84%
2022$18,402,091,338.587.45%
2023$18,900,031,496.062.71%
2024$19,360,522,834.652.44%*

* 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 * $8,200,000,000 = $19,360,522,834.65

Therefore, according to U.S. Bureau of Labor Statistics, $8,200,000,000 in 1990 has the same "purchasing power" as $19,360,522,834.65 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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