Minneapolis/St. Paul, Minnesota prices: $29,700,000,000 in 1990 $70,122,869,291.34 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($29,700,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $40,422,869,291.34 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, $29,700,000,000 in Minneapolis/St. Paul in the year 1990 would cost $70,122,869,291.34 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 $29,700,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $29,700,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$29,700,000,000.004.10%
1991$30,495,118,110.242.68%
1992$31,570,866,141.733.53%
1993$32,553,070,866.143.11%
1994$33,582,047,244.093.16%
1995$34,377,165,354.332.37%
1996$35,523,070,866.143.33%
1997$36,341,574,803.152.30%
1998$37,019,763,779.531.87%
1999$38,189,055,118.113.16%
2000$39,779,291,338.584.16%
2001$41,275,984,251.973.76%
2002$42,000,944,881.891.76%
2003$42,725,905,511.811.73%
2004$43,941,968,503.942.85%
2005$45,158,031,496.062.77%
2006$45,882,992,125.981.61%
2007$47,063,274,803.152.57%
2008$48,866,555,905.513.83%
2009$48,616,561,417.32-0.51%
2010$49,514,343,307.091.85%
2011$51,294,238,582.683.59%
2012$52,491,592,913.392.33%
2013$53,509,344,094.491.94%
2014$54,258,158,267.721.40%
2015$53,919,999,212.60-0.62%
2016$54,756,744,094.491.55%
2017$55,948,018,110.242.18%
2018$57,288,025,984.252.40%
2019$58,489,355,905.512.10%
2020$59,165,440,157.481.16%
2021$62,029,502,362.204.84%
2022$66,651,477,165.357.45%
2023$68,454,992,125.982.71%
2024$70,122,869,291.342.44%*

* 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 * $29,700,000,000 = $70,122,869,291.34

Therefore, according to U.S. Bureau of Labor Statistics, $29,700,000,000 in 1990 has the same "purchasing power" as $70,122,869,291.34 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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