Minneapolis/St. Paul, Minnesota prices: $28,000,000 in 1990 $66,109,102.36 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($28,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $38,109,102.36 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, $28,000,000 in Minneapolis/St. Paul in the year 1990 would cost $66,109,102.36 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 $28,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $28,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$28,000,000.004.10%
1991$28,749,606.302.68%
1992$29,763,779.533.53%
1993$30,689,763.783.11%
1994$31,659,842.523.16%
1995$32,409,448.822.37%
1996$33,489,763.783.33%
1997$34,261,417.322.30%
1998$34,900,787.401.87%
1999$36,003,149.613.16%
2000$37,502,362.204.16%
2001$38,913,385.833.76%
2002$39,596,850.391.76%
2003$40,280,314.961.73%
2004$41,426,771.652.85%
2005$42,573,228.352.77%
2006$43,256,692.911.61%
2007$44,369,417.322.57%
2008$46,069,480.313.83%
2009$45,833,795.28-0.51%
2010$46,680,188.981.85%
2011$48,358,204.723.59%
2012$49,487,023.622.33%
2013$50,446,519.691.94%
2014$51,152,472.441.40%
2015$50,833,669.29-0.62%
2016$51,622,519.691.55%
2017$52,745,606.302.18%
2018$54,008,913.392.40%
2019$55,141,480.312.10%
2020$55,778,866.141.16%
2021$58,478,992.134.84%
2022$62,836,409.457.45%
2023$64,536,692.912.71%
2024$66,109,102.362.44%*

* 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 * $28,000,000 = $66,109,102.36

Therefore, according to U.S. Bureau of Labor Statistics, $28,000,000 in 1990 has the same "purchasing power" as $66,109,102.36 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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