Minneapolis/St. Paul, Minnesota prices: $1,020,000,000 in 1990 $2,408,260,157.48 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,020,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,388,260,157.48 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, $1,020,000,000 in Minneapolis/St. Paul in the year 1990 would cost $2,408,260,157.48 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
Seattle, Washington · Alcoholic beverages · New trucks · Minneapolis-St Paul, Minnesota · More

Buying power of $1,020,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,020,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,020,000,000.004.10%
1991$1,047,307,086.612.68%
1992$1,084,251,968.503.53%
1993$1,117,984,251.973.11%
1994$1,153,322,834.653.16%
1995$1,180,629,921.262.37%
1996$1,219,984,251.973.33%
1997$1,248,094,488.192.30%
1998$1,271,385,826.771.87%
1999$1,311,543,307.093.16%
2000$1,366,157,480.314.16%
2001$1,417,559,055.123.76%
2002$1,442,456,692.911.76%
2003$1,467,354,330.711.73%
2004$1,509,118,110.242.85%
2005$1,550,881,889.762.77%
2006$1,575,779,527.561.61%
2007$1,616,314,488.192.57%
2008$1,678,245,354.333.83%
2009$1,669,659,685.04-0.51%
2010$1,700,492,598.431.85%
2011$1,761,620,314.963.59%
2012$1,802,741,574.802.33%
2013$1,837,694,645.671.94%
2014$1,863,411,496.061.40%
2015$1,851,797,952.76-0.62%
2016$1,880,534,645.671.55%
2017$1,921,447,086.612.18%
2018$1,967,467,559.062.40%
2019$2,008,725,354.332.10%
2020$2,031,944,409.451.16%
2021$2,130,306,141.734.84%
2022$2,289,040,629.927.45%
2023$2,350,979,527.562.71%
2024$2,408,260,157.482.44%*

* 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 * $1,020,000,000 = $2,408,260,157.48

Therefore, according to U.S. Bureau of Labor Statistics, $1,020,000,000 in 1990 has the same "purchasing power" as $2,408,260,157.48 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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