Minneapolis/St. Paul, Minnesota prices: $1,631,890 in 1990 $3,852,956.54 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,631,890)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,221,066.54 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, $1,631,890 in Minneapolis/St. Paul in the year 1990 would cost $3,852,956.54 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 $1,631,890.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,631,890 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,631,890.004.10%
1991$1,675,578.392.68%
1992$1,734,686.223.53%
1993$1,788,654.243.11%
1994$1,845,192.163.16%
1995$1,888,880.552.37%
1996$1,951,843.243.33%
1997$1,996,816.582.30%
1998$2,034,080.211.87%
1999$2,098,327.853.16%
2000$2,185,704.644.16%
2001$2,267,941.613.76%
2002$2,307,775.151.76%
2003$2,347,608.691.73%
2004$2,414,426.232.85%
2005$2,481,243.772.77%
2006$2,521,077.311.61%
2007$2,585,928.872.57%
2008$2,685,011.583.83%
2009$2,671,275.43-0.51%
2010$2,720,604.771.85%
2011$2,818,402.533.59%
2012$2,884,192.112.33%
2013$2,940,113.251.94%
2014$2,981,257.441.40%
2015$2,962,677.02-0.62%
2016$3,008,652.631.55%
2017$3,074,108.122.18%
2018$3,147,735.922.40%
2019$3,213,743.942.10%
2020$3,250,891.921.16%
2021$3,408,260.094.84%
2022$3,662,218.157.45%
2023$3,761,313.712.71%
2024$3,852,956.542.44%*

* 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 * $1,631,890 = $3,852,956.54

Therefore, according to U.S. Bureau of Labor Statistics, $1,631,890 in 1990 has the same "purchasing power" as $3,852,956.54 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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