Minneapolis/St. Paul, Minnesota prices: $29,100,000 in 1990 → $68,706,245.67 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($29,100,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $39,606,245.67 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, $29,100,000 in Minneapolis/St. Paul in the year 1990 would cost $68,706,245.67 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
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Buying power of $29,100,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $29,100,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$29,100,000.004.10%
1991$29,879,055.122.68%
1992$30,933,070.873.53%
1993$31,895,433.073.11%
1994$32,903,622.053.16%
1995$33,682,677.172.37%
1996$34,805,433.073.33%
1997$35,607,401.572.30%
1998$36,271,889.761.87%
1999$37,417,559.063.16%
2000$38,975,669.294.16%
2001$40,442,125.983.76%
2002$41,152,440.941.76%
2003$41,862,755.911.73%
2004$43,054,251.972.85%
2005$44,245,748.032.77%
2006$44,956,062.991.61%
2007$46,112,501.572.57%
2008$47,879,352.763.83%
2009$47,634,408.66-0.51%
2010$48,514,053.541.85%
2011$50,257,991.343.59%
2012$51,431,156.692.33%
2013$52,428,347.241.94%
2014$53,162,033.861.40%
2015$52,830,706.30-0.62%
2016$53,650,547.241.55%
2017$54,817,755.122.18%
2018$56,130,692.132.40%
2019$57,307,752.762.10%
2020$57,970,178.741.16%
2021$60,776,381.104.84%
2022$65,304,982.687.45%
2023$67,072,062.992.71%
2024$68,706,245.672.44%*

* 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 * $29,100,000 = $68,706,245.67

Therefore, according to U.S. Bureau of Labor Statistics, $29,100,000 in 1990 has the same "purchasing power" as $68,706,245.67 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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