Minneapolis/St. Paul, Minnesota prices: $7,393,134 in 1990 $17,455,480.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($7,393,134)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $10,062,346.44 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, $7,393,134 in Minneapolis/St. Paul in the year 1990 would cost $17,455,480.44 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
Admission to sporting events · Educational books and supplies · Airline fares · Alcoholic beverages · More

Buying power of $7,393,134.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $7,393,134 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$7,393,134.004.10%
1991$7,591,060.422.68%
1992$7,858,843.233.53%
1993$8,103,340.573.11%
1994$8,359,480.653.16%
1995$8,557,407.072.37%
1996$8,842,653.973.33%
1997$9,046,401.762.30%
1998$9,215,221.361.87%
1999$9,506,289.623.16%
2000$9,902,142.474.16%
2001$10,274,709.853.76%
2002$10,455,172.181.76%
2003$10,635,634.501.73%
2004$10,938,345.502.85%
2005$11,241,056.502.77%
2006$11,421,518.831.61%
2007$11,715,323.132.57%
2008$12,164,208.623.83%
2009$12,101,978.22-0.51%
2010$12,325,460.441.85%
2011$12,768,524.553.59%
2012$13,066,578.462.33%
2013$13,319,924.281.94%
2014$13,506,324.401.40%
2015$13,422,147.46-0.62%
2016$13,630,435.911.55%
2017$13,926,976.262.18%
2018$14,260,540.492.40%
2019$14,559,584.032.10%
2020$14,727,879.711.16%
2021$15,440,822.324.84%
2022$16,591,356.977.45%
2023$17,040,300.672.71%
2024$17,455,480.442.44%*

* 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 * $7,393,134 = $17,455,480.44

Therefore, according to U.S. Bureau of Labor Statistics, $7,393,134 in 1990 has the same "purchasing power" as $17,455,480.44 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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