Minneapolis/St. Paul, Minnesota prices: $2,118,350 in 1990 $5,001,507.75 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,118,350)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,883,157.75 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, $2,118,350 in Minneapolis/St. Paul in the year 1990 would cost $5,001,507.75 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 $2,118,350.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,118,350 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,118,350.004.10%
1991$2,175,061.732.68%
1992$2,251,789.373.53%
1993$2,321,845.043.11%
1994$2,395,236.693.16%
1995$2,451,948.432.37%
1996$2,533,680.043.33%
1997$2,592,059.762.30%
1998$2,640,431.541.87%
1999$2,723,831.143.16%
2000$2,837,254.614.16%
2001$2,944,006.103.76%
2002$2,995,713.861.76%
2003$3,047,421.611.73%
2004$3,134,157.202.85%
2005$3,220,892.802.77%
2006$3,272,600.551.61%
2007$3,356,784.112.57%
2008$3,485,402.993.83%
2009$3,467,572.15-0.51%
2010$3,531,606.371.85%
2011$3,658,557.253.59%
2012$3,743,958.452.33%
2013$3,816,549.461.94%
2014$3,869,958.571.40%
2015$3,845,839.41-0.62%
2016$3,905,520.161.55%
2017$3,990,487.682.18%
2018$4,086,063.632.40%
2019$4,171,748.392.10%
2020$4,219,970.041.16%
2021$4,424,249.034.84%
2022$4,753,911.007.45%
2023$4,882,546.552.71%
2024$5,001,507.752.44%*

* 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 * $2,118,350 = $5,001,507.75

Therefore, according to U.S. Bureau of Labor Statistics, $2,118,350 in 1990 has the same "purchasing power" as $5,001,507.75 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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