Minneapolis/St. Paul, Minnesota prices: $293,506,292 in 1990 $692,979,910.78 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($293,506,292)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $399,473,618.78 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, $293,506,292 in Minneapolis/St. Paul in the year 1990 would cost $692,979,910.78 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 $293,506,292.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $293,506,292 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$293,506,292.004.10%
1991$301,363,940.762.68%
1992$311,994,877.323.53%
1993$321,701,384.623.11%
1994$331,870,106.543.16%
1995$339,727,755.312.37%
1996$351,052,013.823.33%
1997$359,140,769.902.30%
1998$365,842,882.081.87%
1999$377,398,247.903.16%
2000$393,113,545.434.16%
2001$407,904,413.693.76%
2002$415,068,740.501.76%
2003$422,233,067.311.73%
2004$434,250,647.772.85%
2005$446,268,228.232.77%
2006$453,432,555.041.61%
2007$465,096,541.312.57%
2008$482,917,226.493.83%
2009$480,446,689.27-0.51%
2010$489,318,899.151.85%
2011$506,908,477.023.59%
2012$518,741,171.622.33%
2013$528,798,962.041.94%
2014$536,199,018.311.40%
2015$532,857,206.52-0.62%
2016$541,126,226.301.55%
2017$552,898,833.012.18%
2018$566,141,282.242.40%
2019$578,013,265.092.10%
2020$584,694,577.621.16%
2021$612,998,290.674.84%
2022$658,674,340.717.45%
2023$676,497,336.962.71%
2024$692,979,910.782.44%*

* 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 * $293,506,292 = $692,979,910.78

Therefore, according to U.S. Bureau of Labor Statistics, $293,506,292 in 1990 has the same "purchasing power" as $692,979,910.78 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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