Minneapolis/St. Paul, Minnesota prices: $981,524 in 1990 $2,317,416.81 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($981,524)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,335,892.81 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, $981,524 in Minneapolis/St. Paul in the year 1990 would cost $2,317,416.81 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 $981,524.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $981,524 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$981,524.004.10%
1991$1,007,801.022.68%
1992$1,043,352.283.53%
1993$1,075,812.133.11%
1994$1,109,817.693.16%
1995$1,136,094.712.37%
1996$1,173,964.533.33%
1997$1,201,014.412.30%
1998$1,223,427.161.87%
1999$1,262,069.843.16%
2000$1,314,623.884.16%
2001$1,364,086.503.76%
2002$1,388,044.961.76%
2003$1,412,003.421.73%
2004$1,452,191.812.85%
2005$1,492,380.192.77%
2006$1,516,338.651.61%
2007$1,555,344.572.57%
2008$1,614,939.313.83%
2009$1,606,677.50-0.51%
2010$1,636,347.351.85%
2011$1,695,169.233.59%
2012$1,734,739.332.33%
2013$1,768,373.921.94%
2014$1,793,120.691.40%
2015$1,781,945.23-0.62%
2016$1,809,597.931.55%
2017$1,848,967.092.18%
2018$1,893,251.602.40%
2019$1,932,953.082.10%
2020$1,955,296.281.16%
2021$2,049,947.654.84%
2022$2,202,694.437.45%
2023$2,262,296.892.71%
2024$2,317,416.812.44%*

* 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 * $981,524 = $2,317,416.81

Therefore, according to U.S. Bureau of Labor Statistics, $981,524 in 1990 has the same "purchasing power" as $2,317,416.81 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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