Minneapolis/St. Paul, Minnesota prices: $27,500,000 in 1990 $64,928,582.68 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($27,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $37,428,582.68 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, $27,500,000 in Minneapolis/St. Paul in the year 1990 would cost $64,928,582.68 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
Bread · Frankfurters · Financial services · Food · More

Buying power of $27,500,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $27,500,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$27,500,000.004.10%
1991$28,236,220.472.68%
1992$29,232,283.463.53%
1993$30,141,732.283.11%
1994$31,094,488.193.16%
1995$31,830,708.662.37%
1996$32,891,732.283.33%
1997$33,649,606.302.30%
1998$34,277,559.061.87%
1999$35,360,236.223.16%
2000$36,832,677.174.16%
2001$38,218,503.943.76%
2002$38,889,763.781.76%
2003$39,561,023.621.73%
2004$40,687,007.872.85%
2005$41,812,992.132.77%
2006$42,484,251.971.61%
2007$43,577,106.302.57%
2008$45,246,811.023.83%
2009$45,015,334.65-0.51%
2010$45,846,614.171.85%
2011$47,494,665.353.59%
2012$48,603,326.772.33%
2013$49,545,688.981.94%
2014$50,239,035.431.40%
2015$49,925,925.20-0.62%
2016$50,700,688.981.55%
2017$51,803,720.472.18%
2018$53,044,468.502.40%
2019$54,156,811.022.10%
2020$54,782,814.961.16%
2021$57,434,724.414.84%
2022$61,714,330.717.45%
2023$63,384,251.972.71%
2024$64,928,582.682.44%*

* 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 * $27,500,000 = $64,928,582.68

Therefore, according to U.S. Bureau of Labor Statistics, $27,500,000 in 1990 has the same "purchasing power" as $64,928,582.68 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.