Minneapolis/St. Paul, Minnesota prices: $2,254,188,869 in 1990 $5,322,228,667.30 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,254,188,869)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $3,068,039,798.30 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, $2,254,188,869 in Minneapolis/St. Paul in the year 1990 would cost $5,322,228,667.30 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 $2,254,188,869.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,254,188,869 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,254,188,869.004.10%
1991$2,314,537,232.422.68%
1992$2,396,185,018.233.53%
1993$2,470,732,996.573.11%
1994$2,548,830,878.653.16%
1995$2,609,179,242.072.37%
1996$2,696,151,883.473.33%
1997$2,758,275,198.762.30%
1998$2,809,748,802.861.87%
1999$2,898,496,396.123.16%
2000$3,019,193,122.974.16%
2001$3,132,790,042.353.76%
2002$3,187,813,550.181.76%
2003$3,242,837,058.001.73%
2004$3,335,134,555.002.85%
2005$3,427,432,052.002.77%
2006$3,482,455,559.831.61%
2007$3,572,037,380.472.57%
2008$3,708,903,918.813.83%
2009$3,689,929,683.37-0.51%
2010$3,758,070,085.481.85%
2011$3,893,161,671.953.59%
2012$3,984,039,207.462.33%
2013$4,061,285,112.641.94%
2014$4,118,119,071.361.40%
2015$4,092,453,267.39-0.62%
2016$4,155,961,045.131.55%
2017$4,246,377,093.162.18%
2018$4,348,081,835.042.40%
2019$4,439,261,112.362.10%
2020$4,490,574,970.791.16%
2021$4,707,953,325.744.84%
2022$5,058,754,812.417.45%
2023$5,195,639,100.272.71%
2024$5,322,228,667.302.44%*

* 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 * $2,254,188,869 = $5,322,228,667.30

Therefore, according to U.S. Bureau of Labor Statistics, $2,254,188,869 in 1990 has the same "purchasing power" as $5,322,228,667.30 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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