Minneapolis/St. Paul, Minnesota prices: $140,000,000 in 1989 $344,092,459.02 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2024 ($140,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 145.78% higher in 2024 versus 1989 (a $204,092,459.02 difference in value).

Between 1989 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, $140,000,000 in Minneapolis/St. Paul in the year 1989 would cost $344,092,459.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), 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
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Buying power of $140,000,000.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $140,000,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$140,000,000.004.10%
1990$145,737,704.924.10%
1991$149,639,344.262.68%
1992$154,918,032.793.53%
1993$159,737,704.923.11%
1994$164,786,885.253.16%
1995$168,688,524.592.37%
1996$174,311,475.413.33%
1997$178,327,868.852.30%
1998$181,655,737.701.87%
1999$187,393,442.623.16%
2000$195,196,721.314.16%
2001$202,540,983.613.76%
2002$206,098,360.661.76%
2003$209,655,737.701.73%
2004$215,622,950.822.85%
2005$221,590,163.932.77%
2006$225,147,540.981.61%
2007$230,939,180.332.57%
2008$239,787,868.853.83%
2009$238,561,147.54-0.51%
2010$242,966,557.381.85%
2011$251,700,491.803.59%
2012$257,575,901.642.33%
2013$262,570,000.001.94%
2014$266,244,426.231.40%
2015$264,585,081.97-0.62%
2016$268,690,983.611.55%
2017$274,536,557.382.18%
2018$281,111,967.212.40%
2019$287,006,885.252.10%
2020$290,324,426.231.16%
2021$304,378,360.664.84%
2022$327,058,360.667.45%
2023$335,908,196.722.71%
2024$344,092,459.022.44%*

* 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 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 299.852 in 2024:

299.852 / 122.000 * $140,000,000 = $344,092,459.02

Therefore, according to U.S. Bureau of Labor Statistics, $140,000,000 in 1989 has the same "purchasing power" as $344,092,459.02 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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