Minneapolis/St. Paul, Minnesota prices: $11,000,000 in 1990 $25,971,433.07 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($11,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $14,971,433.07 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, $11,000,000 in Minneapolis/St. Paul in the year 1990 would cost $25,971,433.07 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
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Bananas · College tuition and fees · Fish and seafood · Parking fees and tolls · More

Buying power of $11,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $11,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$11,000,000.004.10%
1991$11,294,488.192.68%
1992$11,692,913.393.53%
1993$12,056,692.913.11%
1994$12,437,795.283.16%
1995$12,732,283.462.37%
1996$13,156,692.913.33%
1997$13,459,842.522.30%
1998$13,711,023.621.87%
1999$14,144,094.493.16%
2000$14,733,070.874.16%
2001$15,287,401.573.76%
2002$15,555,905.511.76%
2003$15,824,409.451.73%
2004$16,274,803.152.85%
2005$16,725,196.852.77%
2006$16,993,700.791.61%
2007$17,430,842.522.57%
2008$18,098,724.413.83%
2009$18,006,133.86-0.51%
2010$18,338,645.671.85%
2011$18,997,866.143.59%
2012$19,441,330.712.33%
2013$19,818,275.591.94%
2014$20,095,614.171.40%
2015$19,970,370.08-0.62%
2016$20,280,275.591.55%
2017$20,721,488.192.18%
2018$21,217,787.402.40%
2019$21,662,724.412.10%
2020$21,913,125.981.16%
2021$22,973,889.764.84%
2022$24,685,732.287.45%
2023$25,353,700.792.71%
2024$25,971,433.072.44%*

* 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 * $11,000,000 = $25,971,433.07

Therefore, according to U.S. Bureau of Labor Statistics, $11,000,000 in 1990 has the same "purchasing power" as $25,971,433.07 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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