Minneapolis/St. Paul, Minnesota prices: $10,325,000 in 1990 $24,377,731.50 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($10,325,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $14,052,731.50 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, $10,325,000 in Minneapolis/St. Paul in the year 1990 would cost $24,377,731.50 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
College tuition and fees · Gasoline (all types) · Fresh fruits · San Francisco, California · More

Buying power of $10,325,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $10,325,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$10,325,000.004.10%
1991$10,601,417.322.68%
1992$10,975,393.703.53%
1993$11,316,850.393.11%
1994$11,674,566.933.16%
1995$11,950,984.252.37%
1996$12,349,350.393.33%
1997$12,633,897.642.30%
1998$12,869,665.351.87%
1999$13,276,161.423.16%
2000$13,828,996.064.16%
2001$14,349,311.023.76%
2002$14,601,338.581.76%
2003$14,853,366.141.73%
2004$15,276,122.052.85%
2005$15,698,877.952.77%
2006$15,950,905.511.61%
2007$16,361,222.642.57%
2008$16,988,120.873.83%
2009$16,901,212.01-0.51%
2010$17,213,319.691.85%
2011$17,832,087.993.59%
2012$18,248,339.962.33%
2013$18,602,154.131.94%
2014$18,862,474.211.40%
2015$18,744,915.55-0.62%
2016$19,035,804.131.55%
2017$19,449,942.322.18%
2018$19,915,786.812.40%
2019$20,333,420.872.10%
2020$20,568,456.891.16%
2021$21,564,128.354.84%
2022$23,170,925.987.45%
2023$23,797,905.512.71%
2024$24,377,731.502.44%*

* 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 * $10,325,000 = $24,377,731.50

Therefore, according to U.S. Bureau of Labor Statistics, $10,325,000 in 1990 has the same "purchasing power" as $24,377,731.50 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.

» Read more about inflation and investment.