Minneapolis/St. Paul, Minnesota prices: $11,900,000 in 1990 $28,096,368.50 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($11,900,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $16,196,368.50 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, $11,900,000 in Minneapolis/St. Paul in the year 1990 would cost $28,096,368.50 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
Phoenix, Arizona · Bread · Frankfurters · Minneapolis-St Paul, Minnesota · More

Buying power of $11,900,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $11,900,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$11,900,000.004.10%
1991$12,218,582.682.68%
1992$12,649,606.303.53%
1993$13,043,149.613.11%
1994$13,455,433.073.16%
1995$13,774,015.752.37%
1996$14,233,149.613.33%
1997$14,561,102.362.30%
1998$14,832,834.651.87%
1999$15,301,338.583.16%
2000$15,938,503.944.16%
2001$16,538,188.983.76%
2002$16,828,661.421.76%
2003$17,119,133.861.73%
2004$17,606,377.952.85%
2005$18,093,622.052.77%
2006$18,384,094.491.61%
2007$18,857,002.362.57%
2008$19,579,529.133.83%
2009$19,479,362.99-0.51%
2010$19,839,080.311.85%
2011$20,552,237.013.59%
2012$21,031,985.042.33%
2013$21,439,770.871.94%
2014$21,739,800.791.40%
2015$21,604,309.45-0.62%
2016$21,939,570.871.55%
2017$22,416,882.682.18%
2018$22,953,788.192.40%
2019$23,435,129.132.10%
2020$23,706,018.111.16%
2021$24,853,571.654.84%
2022$26,705,474.027.45%
2023$27,428,094.492.71%
2024$28,096,368.502.44%*

* 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 * $11,900,000 = $28,096,368.50

Therefore, according to U.S. Bureau of Labor Statistics, $11,900,000 in 1990 has the same "purchasing power" as $28,096,368.50 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.