Minneapolis/St. Paul, Minnesota prices: $17,650,000 in 1990 $41,672,344.88 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($17,650,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $24,022,344.88 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, $17,650,000 in Minneapolis/St. Paul in the year 1990 would cost $41,672,344.88 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
Televisions · Frankfurters · Atlanta, Georgia · Fresh fruits · More

Buying power of $17,650,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $17,650,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$17,650,000.004.10%
1991$18,122,519.692.68%
1992$18,761,811.023.53%
1993$19,345,511.813.11%
1994$19,957,007.873.16%
1995$20,429,527.562.37%
1996$21,110,511.813.33%
1997$21,596,929.132.30%
1998$21,999,960.631.87%
1999$22,694,842.523.16%
2000$23,639,881.894.16%
2001$24,529,330.713.76%
2002$24,960,157.481.76%
2003$25,390,984.251.73%
2004$26,113,661.422.85%
2005$26,836,338.582.77%
2006$27,267,165.351.61%
2007$27,968,579.132.57%
2008$29,040,225.983.83%
2009$28,891,660.24-0.51%
2010$29,425,190.551.85%
2011$30,482,939.763.59%
2012$31,194,498.822.33%
2013$31,799,324.021.94%
2014$32,244,326.381.40%
2015$32,043,366.54-0.62%
2016$32,540,624.021.55%
2017$33,248,569.692.18%
2018$34,044,904.332.40%
2019$34,758,825.982.10%
2020$35,160,606.691.16%
2021$36,862,650.394.84%
2022$39,609,379.537.45%
2023$40,681,165.352.71%
2024$41,672,344.882.44%*

* 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 * $17,650,000 = $41,672,344.88

Therefore, according to U.S. Bureau of Labor Statistics, $17,650,000 in 1990 has the same "purchasing power" as $41,672,344.88 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.

» Read more about inflation and investment.