Minneapolis/St. Paul, Minnesota prices: $156,600,000 in 1992 $339,555,200 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2023 ($156,600,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 116.83% higher in 2023 versus 1992 (a $182,955,200 difference in value).

Between 1992 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, $156,600,000 in Minneapolis/St. Paul in the year 1992 would cost $339,555,200 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2023 time period. Compared to inflation for all items in 1992 (3.03%), inflation in Minneapolis/St. Paul was higher.

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 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $156,600,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$156,600,000.003.53%
1993$161,472,000.003.11%
1994$166,576,000.003.16%
1995$170,520,000.002.37%
1996$176,204,000.003.33%
1997$180,264,000.002.30%
1998$183,628,000.001.87%
1999$189,428,000.003.16%
2000$197,316,000.004.16%
2001$204,740,000.003.76%
2002$208,336,000.001.76%
2003$211,932,000.001.73%
2004$217,964,000.002.85%
2005$223,996,000.002.77%
2006$227,592,000.001.61%
2007$233,446,520.002.57%
2008$242,391,280.003.83%
2009$241,151,240.00-0.51%
2010$245,604,480.001.85%
2011$254,433,240.003.59%
2012$260,372,440.002.33%
2013$265,420,760.001.94%
2014$269,135,080.001.40%
2015$267,457,720.00-0.62%
2016$271,608,200.001.55%
2017$277,517,240.002.18%
2018$284,164,040.002.40%
2019$290,122,960.002.10%
2020$293,476,520.001.16%
2021$307,683,040.004.84%
2022$330,609,280.007.45%
2023$339,555,200.002.71%*

* 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 1992 * 1992 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 135.000 in the year 1992 and 292.720 in 2023:

292.720 / 135.000 * $156,600,000 = $339,555,200

Therefore, according to U.S. Bureau of Labor Statistics, $156,600,000 in 1992 has the same "purchasing power" as $339,555,200 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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