Minneapolis/St. Paul, Minnesota prices: $2,195,000 in 1990 $5,182,481.42 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,195,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,987,481.42 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, $2,195,000 in Minneapolis/St. Paul in the year 1990 would cost $5,182,481.42 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%).

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Buying power of $2,195,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,195,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,195,000.004.10%
1991$2,253,763.782.68%
1992$2,333,267.723.53%
1993$2,405,858.273.11%
1994$2,481,905.513.16%
1995$2,540,669.292.37%
1996$2,625,358.273.33%
1997$2,685,850.392.30%
1998$2,735,972.441.87%
1999$2,822,389.763.16%
2000$2,939,917.324.16%
2001$3,050,531.503.76%
2002$3,104,110.241.76%
2003$3,157,688.981.73%
2004$3,247,562.992.85%
2005$3,337,437.012.77%
2006$3,391,015.751.61%
2007$3,478,245.392.57%
2008$3,611,518.193.83%
2009$3,593,042.17-0.51%
2010$3,659,393.391.85%
2011$3,790,937.833.59%
2012$3,879,429.172.33%
2013$3,954,646.811.94%
2014$4,009,988.461.40%
2015$3,984,996.57-0.62%
2016$4,046,836.811.55%
2017$4,134,878.782.18%
2018$4,233,913.032.40%
2019$4,322,698.192.10%
2020$4,372,664.691.16%
2021$4,584,335.284.84%
2022$4,925,925.677.45%
2023$5,059,215.752.71%
2024$5,182,481.422.44%*

* 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 * $2,195,000 = $5,182,481.42

Therefore, according to U.S. Bureau of Labor Statistics, $2,195,000 in 1990 has the same "purchasing power" as $5,182,481.42 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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