Minneapolis/St. Paul, Minnesota prices: $35,000,000 in 1990 $80,670,866.14 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($35,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $45,670,866.14 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $35,000,000 in Minneapolis/St. Paul in the year 1990 would cost $80,670,866.14 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1990-2023 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 $35,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $35,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$35,000,000.004.10%
1991$35,937,007.872.68%
1992$37,204,724.413.53%
1993$38,362,204.723.11%
1994$39,574,803.153.16%
1995$40,511,811.022.37%
1996$41,862,204.723.33%
1997$42,826,771.652.30%
1998$43,625,984.251.87%
1999$45,003,937.013.16%
2000$46,877,952.764.16%
2001$48,641,732.283.76%
2002$49,496,062.991.76%
2003$50,350,393.701.73%
2004$51,783,464.572.85%
2005$53,216,535.432.77%
2006$54,070,866.141.61%
2007$55,461,771.652.57%
2008$57,586,850.393.83%
2009$57,292,244.09-0.51%
2010$58,350,236.221.85%
2011$60,447,755.913.59%
2012$61,858,779.532.33%
2013$63,058,149.611.94%
2014$63,940,590.551.40%
2015$63,542,086.61-0.62%
2016$64,528,149.611.55%
2017$65,932,007.872.18%
2018$67,511,141.732.40%
2019$68,926,850.392.10%
2020$69,723,582.681.16%
2021$73,098,740.164.84%
2022$78,545,511.817.45%
2023$80,670,866.142.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $35,000,000 = $80,670,866.14

Therefore, according to U.S. Bureau of Labor Statistics, $35,000,000 in 1990 has the same "purchasing power" as $80,670,866.14 in 2023 (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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