Minneapolis/St. Paul, Minnesota prices: $27,000,000 in 1990 $62,231,811.02 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($27,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $35,231,811.02 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $27,000,000 in Minneapolis/St. Paul in the year 1990 would cost $62,231,811.02 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1990-2023 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 $27,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $27,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$27,000,000.004.10%
1991$27,722,834.652.68%
1992$28,700,787.403.53%
1993$29,593,700.793.11%
1994$30,529,133.863.16%
1995$31,251,968.502.37%
1996$32,293,700.793.33%
1997$33,037,795.282.30%
1998$33,654,330.711.87%
1999$34,717,322.833.16%
2000$36,162,992.134.16%
2001$37,523,622.053.76%
2002$38,182,677.171.76%
2003$38,841,732.281.73%
2004$39,947,244.092.85%
2005$41,052,755.912.77%
2006$41,711,811.021.61%
2007$42,784,795.282.57%
2008$44,424,141.733.83%
2009$44,196,874.02-0.51%
2010$45,013,039.371.85%
2011$46,631,125.983.59%
2012$47,719,629.922.33%
2013$48,644,858.271.94%
2014$49,325,598.431.40%
2015$49,018,181.10-0.62%
2016$49,778,858.271.55%
2017$50,861,834.652.18%
2018$52,080,023.622.40%
2019$53,172,141.732.10%
2020$53,786,763.781.16%
2021$56,390,456.694.84%
2022$60,592,251.977.45%
2023$62,231,811.022.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $27,000,000 = $62,231,811.02

Therefore, according to U.S. Bureau of Labor Statistics, $27,000,000 in 1990 has the same "purchasing power" as $62,231,811.02 in 2023 (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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