Minneapolis/St. Paul, Minnesota prices: $15,850,000 in 1990 $37,422,474.02 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($15,850,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $21,572,474.02 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, $15,850,000 in Minneapolis/St. Paul in the year 1990 would cost $37,422,474.02 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 $15,850,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $15,850,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$15,850,000.004.10%
1991$16,274,330.712.68%
1992$16,848,425.203.53%
1993$17,372,598.433.11%
1994$17,921,732.283.16%
1995$18,346,062.992.37%
1996$18,957,598.433.33%
1997$19,394,409.452.30%
1998$19,756,338.581.87%
1999$20,380,354.333.16%
2000$21,229,015.754.16%
2001$22,027,755.913.76%
2002$22,414,645.671.76%
2003$22,801,535.431.73%
2004$23,450,511.812.85%
2005$24,099,488.192.77%
2006$24,486,377.951.61%
2007$25,116,259.452.57%
2008$26,078,616.543.83%
2009$25,945,201.97-0.51%
2010$26,424,321.261.85%
2011$27,374,198.033.59%
2012$28,013,190.162.33%
2013$28,556,333.461.94%
2014$28,955,953.151.40%
2015$28,775,487.80-0.62%
2016$29,222,033.461.55%
2017$29,857,780.712.18%
2018$30,572,902.762.40%
2019$31,214,016.542.10%
2020$31,574,822.441.16%
2021$33,103,286.614.84%
2022$35,569,896.067.45%
2023$36,532,377.952.71%
2024$37,422,474.022.44%*

* 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 * $15,850,000 = $37,422,474.02

Therefore, according to U.S. Bureau of Labor Statistics, $15,850,000 in 1990 has the same "purchasing power" as $37,422,474.02 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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