Minneapolis/St. Paul, Minnesota prices: $245,000,000 in 1990 $578,454,645.67 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($245,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $333,454,645.67 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, $245,000,000 in Minneapolis/St. Paul in the year 1990 would cost $578,454,645.67 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
Juices and nonalcoholic drinks · Film and photographic supplies · Fish and seafood · Frankfurters · More

Buying power of $245,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $245,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$245,000,000.004.10%
1991$251,559,055.122.68%
1992$260,433,070.873.53%
1993$268,535,433.073.11%
1994$277,023,622.053.16%
1995$283,582,677.172.37%
1996$293,035,433.073.33%
1997$299,787,401.572.30%
1998$305,381,889.761.87%
1999$315,027,559.063.16%
2000$328,145,669.294.16%
2001$340,492,125.983.76%
2002$346,472,440.941.76%
2003$352,452,755.911.73%
2004$362,484,251.972.85%
2005$372,515,748.032.77%
2006$378,496,062.991.61%
2007$388,232,401.572.57%
2008$403,107,952.763.83%
2009$401,045,708.66-0.51%
2010$408,451,653.541.85%
2011$423,134,291.343.59%
2012$433,011,456.692.33%
2013$441,407,047.241.94%
2014$447,584,133.861.40%
2015$444,794,606.30-0.62%
2016$451,697,047.241.55%
2017$461,524,055.122.18%
2018$472,577,992.132.40%
2019$482,487,952.762.10%
2020$488,065,078.741.16%
2021$511,691,181.104.84%
2022$549,818,582.687.45%
2023$564,696,062.992.71%
2024$578,454,645.672.44%*

* 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 * $245,000,000 = $578,454,645.67

Therefore, according to U.S. Bureau of Labor Statistics, $245,000,000 in 1990 has the same "purchasing power" as $578,454,645.67 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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