Minneapolis/St. Paul, Minnesota prices: $1,687,837 in 1990 $3,985,049.61 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($1,687,837)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,297,212.61 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, $1,687,837 in Minneapolis/St. Paul in the year 1990 would cost $3,985,049.61 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
Wine at home · Hospital services · Alcoholic beverages · Fish and seafood · More

Buying power of $1,687,837.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,687,837 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,687,837.004.10%
1991$1,733,023.192.68%
1992$1,794,157.443.53%
1993$1,849,975.673.11%
1994$1,908,451.913.16%
1995$1,953,638.102.37%
1996$2,018,759.373.33%
1997$2,065,274.572.30%
1998$2,103,815.731.87%
1999$2,170,266.003.16%
2000$2,260,638.384.16%
2001$2,345,694.733.76%
2002$2,386,893.901.76%
2003$2,428,093.071.73%
2004$2,497,201.362.85%
2005$2,566,309.642.77%
2006$2,607,508.811.61%
2007$2,674,583.722.57%
2008$2,777,063.343.83%
2009$2,762,856.27-0.51%
2010$2,813,876.791.85%
2011$2,915,027.403.59%
2012$2,983,072.482.33%
2013$3,040,910.801.94%
2014$3,083,465.561.40%
2015$3,064,248.14-0.62%
2016$3,111,799.961.55%
2017$3,179,499.502.18%
2018$3,255,651.512.40%
2019$3,323,922.532.10%
2020$3,362,344.071.16%
2021$3,525,107.384.84%
2022$3,787,772.037.45%
2023$3,890,264.932.71%
2024$3,985,049.612.44%*

* 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 * $1,687,837 = $3,985,049.61

Therefore, according to U.S. Bureau of Labor Statistics, $1,687,837 in 1990 has the same "purchasing power" as $3,985,049.61 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.