Minneapolis/St. Paul, Minnesota prices: $32,719,012 in 1990 $77,250,875.48 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($32,719,012)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $44,531,863.48 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, $32,719,012 in Minneapolis/St. Paul in the year 1990 would cost $77,250,875.48 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 $32,719,012.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $32,719,012 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$32,719,012.004.10%
1991$33,594,954.052.68%
1992$34,780,052.133.53%
1993$35,862,098.193.11%
1994$36,995,670.263.16%
1995$37,871,612.312.37%
1996$39,133,999.393.33%
1997$40,035,704.452.30%
1998$40,782,831.491.87%
1999$42,070,981.573.16%
2000$43,822,865.684.16%
2001$45,471,697.783.76%
2002$46,270,350.831.76%
2003$47,069,003.881.73%
2004$48,408,679.962.85%
2005$49,748,356.042.77%
2006$50,547,009.091.61%
2007$51,847,267.782.57%
2008$53,833,852.833.83%
2009$53,558,446.34-0.51%
2010$54,547,487.971.85%
2011$56,508,310.023.59%
2012$57,827,375.702.33%
2013$58,948,581.531.94%
2014$59,773,512.841.40%
2015$59,400,979.84-0.62%
2016$60,322,780.041.55%
2017$61,635,147.342.18%
2018$63,111,367.332.40%
2019$64,434,812.722.10%
2020$65,179,621.091.16%
2021$68,334,815.904.84%
2022$73,426,615.537.45%
2023$75,413,458.212.71%
2024$77,250,875.482.44%*

* 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 * $32,719,012 = $77,250,875.48

Therefore, according to U.S. Bureau of Labor Statistics, $32,719,012 in 1990 has the same "purchasing power" as $77,250,875.48 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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