Minneapolis/St. Paul, Minnesota prices: $8,400,000,000 in 1990 $19,832,730,708.66 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($8,400,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $11,432,730,708.66 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, $8,400,000,000 in Minneapolis/St. Paul in the year 1990 would cost $19,832,730,708.66 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 $8,400,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,400,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$8,400,000,000.004.10%
1991$8,624,881,889.762.68%
1992$8,929,133,858.273.53%
1993$9,206,929,133.863.11%
1994$9,497,952,755.913.16%
1995$9,722,834,645.672.37%
1996$10,046,929,133.863.33%
1997$10,278,425,196.852.30%
1998$10,470,236,220.471.87%
1999$10,800,944,881.893.16%
2000$11,250,708,661.424.16%
2001$11,674,015,748.033.76%
2002$11,879,055,118.111.76%
2003$12,084,094,488.191.73%
2004$12,428,031,496.062.85%
2005$12,771,968,503.942.77%
2006$12,977,007,874.021.61%
2007$13,310,825,196.852.57%
2008$13,820,844,094.493.83%
2009$13,750,138,582.68-0.51%
2010$14,004,056,692.911.85%
2011$14,507,461,417.323.59%
2012$14,846,107,086.612.33%
2013$15,133,955,905.511.94%
2014$15,345,741,732.281.40%
2015$15,250,100,787.40-0.62%
2016$15,486,755,905.511.55%
2017$15,823,681,889.762.18%
2018$16,202,674,015.752.40%
2019$16,542,444,094.492.10%
2020$16,733,659,842.521.16%
2021$17,543,697,637.804.84%
2022$18,850,922,834.657.45%
2023$19,361,007,874.022.71%
2024$19,832,730,708.662.44%*

* 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 * $8,400,000,000 = $19,832,730,708.66

Therefore, according to U.S. Bureau of Labor Statistics, $8,400,000,000 in 1990 has the same "purchasing power" as $19,832,730,708.66 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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