Minneapolis/St. Paul, Minnesota prices: $9,237,153,000 in 1990 $21,809,281,900.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($9,237,153,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $12,572,128,900.44 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, $9,237,153,000 in Minneapolis/St. Paul in the year 1990 would cost $21,809,281,900.44 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 $9,237,153,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $9,237,153,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$9,237,153,000.004.10%
1991$9,484,446,859.842.68%
1992$9,819,020,905.513.53%
1993$10,124,501,555.913.11%
1994$10,444,528,903.943.16%
1995$10,691,822,763.782.37%
1996$11,048,216,855.913.33%
1997$11,302,784,064.572.30%
1998$11,513,711,180.311.87%
1999$11,877,378,621.263.16%
2000$12,371,966,340.944.16%
2001$12,837,460,665.353.76%
2002$13,062,934,478.741.76%
2003$13,288,408,292.131.73%
2004$13,666,622,430.712.85%
2005$14,044,836,569.292.77%
2006$14,270,310,382.681.61%
2007$14,637,396,297.572.57%
2008$15,198,244,224.993.83%
2009$15,120,492,126.12-0.51%
2010$15,399,715,987.281.85%
2011$15,953,290,565.883.59%
2012$16,325,686,025.412.33%
2013$16,642,222,166.011.94%
2014$16,875,114,795.191.40%
2015$16,769,942,171.27-0.62%
2016$17,030,182,592.011.55%
2017$17,400,686,980.842.18%
2018$17,817,449,868.172.40%
2019$18,191,081,796.992.10%
2020$18,401,354,311.351.16%
2021$19,292,121,341.204.84%
2022$20,729,626,001.767.45%
2023$21,290,546,662.682.71%
2024$21,809,281,900.442.44%*

* 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 * $9,237,153,000 = $21,809,281,900.44

Therefore, according to U.S. Bureau of Labor Statistics, $9,237,153,000 in 1990 has the same "purchasing power" as $21,809,281,900.44 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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