Minneapolis/St. Paul, Minnesota prices: $6,500,000 in 1991 → $14,946,610.43 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1991-2024 ($6,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 129.95% higher in 2024 versus 1991 (a $8,446,610.43 difference in value).

Between 1991 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, $6,500,000 in Minneapolis/St. Paul in the year 1991 would cost $14,946,610.43 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1991: Pricing changed by 2.68%, which is above the average yearly change in Minneapolis/St. Paul during the 1991-2024 time period. Compared to inflation for all items in 1991 (4.23%), 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 $6,500,000.00 since 1991

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $6,500,000 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$6,500,000.002.68%
1992$6,729,294.483.53%
1993$6,938,650.313.11%
1994$7,157,975.463.16%
1995$7,327,453.992.37%
1996$7,571,702.453.33%
1997$7,746,165.642.30%
1998$7,890,720.861.87%
1999$8,139,953.993.16%
2000$8,478,911.044.16%
2001$8,797,929.453.76%
2002$8,952,453.991.76%
2003$9,106,978.531.73%
2004$9,366,180.982.85%
2005$9,625,383.442.77%
2006$9,779,907.981.61%
2007$10,031,483.902.57%
2008$10,415,851.233.83%
2009$10,362,565.18-0.51%
2010$10,553,926.381.85%
2011$10,933,309.053.59%
2012$11,188,523.772.33%
2013$11,405,456.291.94%
2014$11,565,065.181.40%
2015$11,492,986.96-0.62%
2016$11,671,338.191.55%
2017$11,925,256.902.18%
2018$12,210,878.072.40%
2019$12,466,940.182.10%
2020$12,611,046.781.16%
2021$13,221,518.404.84%
2022$14,206,687.127.45%
2023$14,591,104.292.71%
2024$14,946,610.432.44%*

* 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 1991 * 1991 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 130.400 in the year 1991 and 299.852 in 2024:

299.852 / 130.400 * $6,500,000 = $14,946,610.43

Therefore, according to U.S. Bureau of Labor Statistics, $6,500,000 in 1991 has the same "purchasing power" as $14,946,610.43 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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