Minneapolis/St. Paul, Minnesota prices: $156,600,000 in 1990 $360,944,503.94 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($156,600,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $204,344,503.94 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $156,600,000 in Minneapolis/St. Paul in the year 1990 would cost $360,944,503.94 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1990-2023 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 $156,600,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $156,600,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$156,600,000.004.10%
1991$160,792,440.942.68%
1992$166,464,566.933.53%
1993$171,643,464.573.11%
1994$177,068,976.383.16%
1995$181,261,417.322.37%
1996$187,303,464.573.33%
1997$191,619,212.602.30%
1998$195,195,118.111.87%
1999$201,360,472.443.16%
2000$209,745,354.334.16%
2001$217,637,007.873.76%
2002$221,459,527.561.76%
2003$225,282,047.241.73%
2004$231,694,015.752.85%
2005$238,105,984.252.77%
2006$241,928,503.941.61%
2007$248,151,812.602.57%
2008$257,660,022.053.83%
2009$256,341,869.29-0.51%
2010$261,075,628.351.85%
2011$270,460,530.713.59%
2012$276,773,853.542.33%
2013$282,140,177.951.94%
2014$286,088,470.871.40%
2015$284,305,450.39-0.62%
2016$288,717,377.951.55%
2017$294,998,640.942.18%
2018$302,064,137.012.40%
2019$308,398,422.052.10%
2020$311,963,229.921.16%
2021$327,064,648.824.84%
2022$351,435,061.427.45%
2023$360,944,503.942.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $156,600,000 = $360,944,503.94

Therefore, according to U.S. Bureau of Labor Statistics, $156,600,000 in 1990 has the same "purchasing power" as $360,944,503.94 in 2023 (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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