Minneapolis/St. Paul, Minnesota prices: $1,800,000,000 in 1991 $4,139,061,349.69 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1991-2024 ($1,800,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 129.95% higher in 2024 versus 1991 (a $2,339,061,349.69 difference in value).

Between 1991 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, $1,800,000,000 in Minneapolis/St. Paul in the year 1991 would cost $4,139,061,349.69 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1991: Pricing changed by 2.68%, which is above the average yearly change in Minneapolis/St. Paul during the 1991-2024 time period. Compared to inflation for all items in 1991 (4.23%), 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 $1,800,000,000.00 since 1991

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,800,000,000 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$1,800,000,000.002.68%
1992$1,863,496,932.523.53%
1993$1,921,472,392.643.11%
1994$1,982,208,588.963.16%
1995$2,029,141,104.292.37%
1996$2,096,779,141.103.33%
1997$2,145,092,024.542.30%
1998$2,185,122,699.391.87%
1999$2,254,141,104.293.16%
2000$2,348,006,134.974.16%
2001$2,436,349,693.253.76%
2002$2,479,141,104.291.76%
2003$2,521,932,515.341.73%
2004$2,593,711,656.442.85%
2005$2,665,490,797.552.77%
2006$2,708,282,208.591.61%
2007$2,777,949,386.502.57%
2008$2,884,389,570.553.83%
2009$2,869,633,435.58-0.51%
2010$2,922,625,766.871.85%
2011$3,027,685,582.823.59%
2012$3,098,360,429.452.33%
2013$3,158,434,049.081.94%
2014$3,202,633,435.581.40%
2015$3,182,673,312.88-0.62%
2016$3,232,062,883.441.55%
2017$3,302,378,834.362.18%
2018$3,381,473,926.382.40%
2019$3,452,383,435.582.10%
2020$3,492,289,877.301.16%
2021$3,661,343,558.284.84%
2022$3,934,159,509.207.45%
2023$4,040,613,496.932.71%
2024$4,139,061,349.692.44%*

* 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 1991 * 1991 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 130.400 in the year 1991 and 299.852 in 2024:

299.852 / 130.400 * $1,800,000,000 = $4,139,061,349.69

Therefore, according to U.S. Bureau of Labor Statistics, $1,800,000,000 in 1991 has the same "purchasing power" as $4,139,061,349.69 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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