Minneapolis/St. Paul, Minnesota prices: $5,175,590 in 1990 $12,219,771.75 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($5,175,590)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $7,044,181.75 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, $5,175,590 in Minneapolis/St. Paul in the year 1990 would cost $12,219,771.75 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 $5,175,590.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,175,590 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$5,175,590.004.10%
1991$5,314,149.102.68%
1992$5,501,611.423.53%
1993$5,672,772.663.11%
1994$5,852,084.443.16%
1995$5,990,643.542.37%
1996$6,190,331.663.33%
1997$6,332,966.032.30%
1998$6,451,148.801.87%
1999$6,654,912.183.16%
2000$6,932,030.394.16%
2001$7,192,847.523.76%
2002$7,319,180.821.76%
2003$7,445,514.121.73%
2004$7,657,428.042.85%
2005$7,869,341.962.77%
2006$7,995,675.261.61%
2007$8,201,354.022.57%
2008$8,515,597.923.83%
2009$8,472,033.30-0.51%
2010$8,628,482.831.85%
2011$8,938,651.463.59%
2012$9,147,305.162.33%
2013$9,324,660.811.94%
2014$9,455,150.891.40%
2015$9,396,222.52-0.62%
2016$9,542,035.591.55%
2017$9,749,629.732.18%
2018$9,983,142.572.40%
2019$10,192,489.082.10%
2020$10,310,305.061.16%
2021$10,809,403.104.84%
2022$11,614,839.017.45%
2023$11,929,123.662.71%
2024$12,219,771.752.44%*

* 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 * $5,175,590 = $12,219,771.75

Therefore, according to U.S. Bureau of Labor Statistics, $5,175,590 in 1990 has the same "purchasing power" as $12,219,771.75 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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