Minneapolis/St. Paul, Minnesota prices: $13,117,141,838 in 1990 $30,970,088,302.43 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($13,117,141,838)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $17,852,946,464.43 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, $13,117,141,838 in Minneapolis/St. Paul in the year 1990 would cost $30,970,088,302.43 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
New cars · Financial services · Medical care · Televisions · More

Buying power of $13,117,141,838.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $13,117,141,838 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$13,117,141,838.004.10%
1991$13,468,309,414.772.68%
1992$13,943,418,489.213.53%
1993$14,377,213,731.103.11%
1994$14,831,665,889.273.16%
1995$15,182,833,466.032.37%
1996$15,688,927,914.903.33%
1997$16,050,423,949.802.30%
1998$16,349,949,235.871.87%
1999$16,866,372,142.883.16%
2000$17,568,707,296.414.16%
2001$18,229,728,617.383.76%
2002$18,549,910,819.721.76%
2003$18,870,093,022.071.73%
2004$19,407,172,845.362.85%
2005$19,944,252,668.642.77%
2006$20,264,434,870.991.61%
2007$20,785,712,153.322.57%
2008$21,582,139,560.513.83%
2009$21,471,728,342.99-0.51%
2010$21,868,237,850.991.85%
2011$22,654,336,800.043.59%
2012$23,183,153,856.822.33%
2013$23,632,648,355.081.94%
2014$23,963,365,584.721.40%
2015$23,814,016,080.02-0.62%
2016$24,183,568,312.271.55%
2017$24,709,699,969.932.18%
2018$25,301,520,621.362.40%
2019$25,832,093,516.022.10%
2020$26,130,689,240.851.16%
2021$27,395,615,509.284.84%
2022$29,436,931,976.107.45%
2023$30,233,462,667.872.71%
2024$30,970,088,302.432.44%*

* 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 * $13,117,141,838 = $30,970,088,302.43

Therefore, according to U.S. Bureau of Labor Statistics, $13,117,141,838 in 1990 has the same "purchasing power" as $30,970,088,302.43 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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