Minneapolis/St. Paul, Minnesota prices: $28,800,000 in 1990 $67,997,933.86 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($28,800,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $39,197,933.86 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, $28,800,000 in Minneapolis/St. Paul in the year 1990 would cost $67,997,933.86 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 $28,800,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $28,800,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$28,800,000.004.10%
1991$29,571,023.622.68%
1992$30,614,173.233.53%
1993$31,566,614.173.11%
1994$32,564,409.453.16%
1995$33,335,433.072.37%
1996$34,446,614.173.33%
1997$35,240,314.962.30%
1998$35,897,952.761.87%
1999$37,031,811.023.16%
2000$38,573,858.274.16%
2001$40,025,196.853.76%
2002$40,728,188.981.76%
2003$41,431,181.101.73%
2004$42,610,393.702.85%
2005$43,789,606.302.77%
2006$44,492,598.431.61%
2007$45,637,114.962.57%
2008$47,385,751.183.83%
2009$47,143,332.28-0.51%
2010$48,013,908.661.85%
2011$49,739,867.723.59%
2012$50,900,938.582.33%
2013$51,887,848.821.94%
2014$52,613,971.651.40%
2015$52,286,059.84-0.62%
2016$53,097,448.821.55%
2017$54,252,623.622.18%
2018$55,552,025.202.40%
2019$56,716,951.182.10%
2020$57,372,548.031.16%
2021$60,149,820.474.84%
2022$64,631,735.437.45%
2023$66,380,598.432.71%
2024$67,997,933.862.44%*

* 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 * $28,800,000 = $67,997,933.86

Therefore, according to U.S. Bureau of Labor Statistics, $28,800,000 in 1990 has the same "purchasing power" as $67,997,933.86 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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