Minneapolis/St. Paul, Minnesota prices: $53,500,000 in 1990 $126,315,606.30 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($53,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $72,815,606.30 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, $53,500,000 in Minneapolis/St. Paul in the year 1990 would cost $126,315,606.30 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
Dental services · Parking fees and tolls · Bread · Rent of primary residence · More

Buying power of $53,500,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $53,500,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$53,500,000.004.10%
1991$54,932,283.462.68%
1992$56,870,078.743.53%
1993$58,639,370.083.11%
1994$60,492,913.393.16%
1995$61,925,196.852.37%
1996$63,989,370.083.33%
1997$65,463,779.532.30%
1998$66,685,433.071.87%
1999$68,791,732.283.16%
2000$71,656,299.214.16%
2001$74,352,362.203.76%
2002$75,658,267.721.76%
2003$76,964,173.231.73%
2004$79,154,724.412.85%
2005$81,345,275.592.77%
2006$82,651,181.101.61%
2007$84,777,279.532.57%
2008$88,025,614.173.83%
2009$87,575,287.40-0.51%
2010$89,192,503.941.85%
2011$92,398,712.603.59%
2012$94,555,562.992.33%
2013$96,388,885.831.94%
2014$97,737,759.841.40%
2015$97,128,618.11-0.62%
2016$98,635,885.831.55%
2017$100,781,783.462.18%
2018$103,195,602.362.40%
2019$105,359,614.172.10%
2020$106,577,476.381.16%
2021$111,736,645.674.84%
2022$120,062,425.207.45%
2023$123,311,181.102.71%
2024$126,315,606.302.44%*

* 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 * $53,500,000 = $126,315,606.30

Therefore, according to U.S. Bureau of Labor Statistics, $53,500,000 in 1990 has the same "purchasing power" as $126,315,606.30 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.

» Read more about inflation and investment.