Minneapolis/St. Paul, Minnesota prices: $8,289,808,707 in 1990 $19,572,564,727.65 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($8,289,808,707)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $11,282,756,020.65 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, $8,289,808,707 in Minneapolis/St. Paul in the year 1990 would cost $19,572,564,727.65 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
Alcoholic beverages · Indoor plants and flowers · Milk · Wireless telephone services · More

Buying power of $8,289,808,707.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,289,808,707 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$8,289,808,707.004.10%
1991$8,511,740,593.642.68%
1992$8,812,001,381.463.53%
1993$9,086,152,535.553.11%
1994$9,373,358,506.503.16%
1995$9,595,290,393.142.37%
1996$9,915,133,406.253.33%
1997$10,143,592,701.322.30%
1998$10,332,887,545.811.87%
1999$10,659,257,967.353.16%
2000$11,103,121,740.644.16%
2001$11,520,875,880.203.76%
2002$11,723,225,541.551.76%
2003$11,925,575,202.901.73%
2004$12,265,000,441.302.85%
2005$12,604,425,679.702.77%
2006$12,806,775,341.051.61%
2007$13,136,213,644.552.57%
2008$13,639,542,108.643.83%
2009$13,569,764,112.52-0.51%
2010$13,820,351,322.171.85%
2011$14,317,152,377.833.59%
2012$14,651,355,689.482.33%
2013$14,935,428,504.391.94%
2014$15,144,436,122.341.40%
2015$15,050,049,796.43-0.62%
2016$15,283,600,470.081.55%
2017$15,616,106,655.542.18%
2018$15,990,127,158.622.40%
2019$16,325,440,129.712.10%
2020$16,514,147,507.441.16%
2021$17,313,559,217.954.84%
2022$18,603,636,220.197.45%
2023$19,107,029,958.372.71%
2024$19,572,564,727.652.44%*

* 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 * $8,289,808,707 = $19,572,564,727.65

Therefore, according to U.S. Bureau of Labor Statistics, $8,289,808,707 in 1990 has the same "purchasing power" as $19,572,564,727.65 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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