Minneapolis/St. Paul, Minnesota prices: $16,200,000 in 1990 $38,248,837.80 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($16,200,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $22,048,837.80 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, $16,200,000 in Minneapolis/St. Paul in the year 1990 would cost $38,248,837.80 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
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 $16,200,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $16,200,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$16,200,000.004.10%
1991$16,633,700.792.68%
1992$17,220,472.443.53%
1993$17,756,220.473.11%
1994$18,317,480.313.16%
1995$18,751,181.102.37%
1996$19,376,220.473.33%
1997$19,822,677.172.30%
1998$20,192,598.431.87%
1999$20,830,393.703.16%
2000$21,697,795.284.16%
2001$22,514,173.233.76%
2002$22,909,606.301.76%
2003$23,305,039.371.73%
2004$23,968,346.462.85%
2005$24,631,653.542.77%
2006$25,027,086.611.61%
2007$25,670,877.172.57%
2008$26,654,485.043.83%
2009$26,518,124.41-0.51%
2010$27,007,823.621.85%
2011$27,978,675.593.59%
2012$28,631,777.952.33%
2013$29,186,914.961.94%
2014$29,595,359.061.40%
2015$29,410,908.66-0.62%
2016$29,867,314.961.55%
2017$30,517,100.792.18%
2018$31,248,014.172.40%
2019$31,903,285.042.10%
2020$32,272,058.271.16%
2021$33,834,274.024.84%
2022$36,355,351.187.45%
2023$37,339,086.612.71%
2024$38,248,837.802.44%*

* 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 * $16,200,000 = $38,248,837.80

Therefore, according to U.S. Bureau of Labor Statistics, $16,200,000 in 1990 has the same "purchasing power" as $38,248,837.80 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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