Minneapolis/St. Paul, Minnesota prices: $23,213,568 in 1990 $54,808,147.97 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($23,213,568)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $31,594,579.97 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, $23,213,568 in Minneapolis/St. Paul in the year 1990 would cost $54,808,147.97 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
Indoor plants and flowers · Atlanta, Georgia · Phoenix, Arizona · Gasoline (all types) · More

Buying power of $23,213,568.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $23,213,568 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$23,213,568.004.10%
1991$23,835,033.602.68%
1992$24,675,840.003.53%
1993$25,443,532.803.11%
1994$26,247,782.403.16%
1995$26,869,248.002.37%
1996$27,764,889.603.33%
1997$28,404,633.602.30%
1998$28,934,707.201.87%
1999$29,848,627.203.16%
2000$31,091,558.404.16%
2001$32,261,376.003.76%
2002$32,828,006.401.76%
2003$33,394,636.801.73%
2004$34,345,113.602.85%
2005$35,295,590.402.77%
2006$35,862,220.801.61%
2007$36,784,731.652.57%
2008$38,194,179.073.83%
2009$37,998,782.98-0.51%
2010$38,700,490.751.85%
2011$40,091,659.783.59%
2012$41,027,513.862.33%
2013$41,822,989.821.94%
2014$42,408,264.191.40%
2015$42,143,958.53-0.62%
2016$42,797,959.681.55%
2017$43,729,061.382.18%
2018$44,776,413.702.40%
2019$45,715,375.102.10%
2020$46,243,803.651.16%
2021$48,482,359.304.84%
2022$52,094,902.277.45%
2023$53,504,532.482.71%
2024$54,808,147.972.44%*

* 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 * $23,213,568 = $54,808,147.97

Therefore, according to U.S. Bureau of Labor Statistics, $23,213,568 in 1990 has the same "purchasing power" as $54,808,147.97 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.