Minneapolis/St. Paul, Minnesota prices: $12,600,000 in 1990 $29,749,096.06 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($12,600,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $17,149,096.06 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, $12,600,000 in Minneapolis/St. Paul in the year 1990 would cost $29,749,096.06 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 $12,600,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $12,600,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$12,600,000.004.10%
1991$12,937,322.832.68%
1992$13,393,700.793.53%
1993$13,810,393.703.11%
1994$14,246,929.133.16%
1995$14,584,251.972.37%
1996$15,070,393.703.33%
1997$15,417,637.802.30%
1998$15,705,354.331.87%
1999$16,201,417.323.16%
2000$16,876,062.994.16%
2001$17,511,023.623.76%
2002$17,818,582.681.76%
2003$18,126,141.731.73%
2004$18,642,047.242.85%
2005$19,157,952.762.77%
2006$19,465,511.811.61%
2007$19,966,237.802.57%
2008$20,731,266.143.83%
2009$20,625,207.87-0.51%
2010$21,006,085.041.85%
2011$21,761,192.133.59%
2012$22,269,160.632.33%
2013$22,700,933.861.94%
2014$23,018,612.601.40%
2015$22,875,151.18-0.62%
2016$23,230,133.861.55%
2017$23,735,522.832.18%
2018$24,304,011.022.40%
2019$24,813,666.142.10%
2020$25,100,489.761.16%
2021$26,315,546.464.84%
2022$28,276,384.257.45%
2023$29,041,511.812.71%
2024$29,749,096.062.44%*

* 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 * $12,600,000 = $29,749,096.06

Therefore, according to U.S. Bureau of Labor Statistics, $12,600,000 in 1990 has the same "purchasing power" as $29,749,096.06 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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