Dallas, Texas prices: $499.50 in 1968 $4,474.96 in 2024

Inflation in Texas

$

Prices in Dallas, 1968-2024 ($499.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 795.89% higher in 2024 versus 1968 (a $3,975.46 difference in value).

Between 1968 and 2024: Dallas experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, $499.50 in Dallas in the year 1968 would cost $4,474.96 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation in Dallas was higher.

In the year 1968: Pricing changed by 4.14%, which is above the average yearly change in Dallas during the 1968-2024 time period. Compared to inflation for all items in 1968 (4.27%), inflation in Dallas was lower.

Price Inflation in Dallas-Fort Worth, Texas since 1963

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (16.95%), 1979 (12.42%), and 1981 (11.74%).

View price changes for other categories
Rent of primary residence · Wireless telephone services · Philadelphia, Pennsylvania · Film and photographic supplies · More

Buying power of $499.50 since 1968

Below are calculations of equivalent buying power in Dallas, over time, for $499.50 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$499.504.14%
1969$531.026.31%
1970$564.046.22%
1971$581.373.07%
1972$598.322.92%
1973$629.335.18%
1974$691.749.92%
1975$755.659.24%
1976$801.746.10%
1977$860.757.36%
1978$928.067.82%
1979$1,043.3212.42%
1980$1,220.1216.95%
1981$1,363.3911.74%
1982$1,445.766.04%
1983$1,498.633.66%
1984$1,569.074.70%
1985$1,627.833.75%
1986$1,656.341.75%
1987$1,697.652.49%
1988$1,746.992.91%
1989$1,799.232.99%
1990$1,880.604.52%
1991$1,968.624.68%
1992$2,016.332.42%
1993$2,066.812.50%
1994$2,125.202.83%
1995$2,180.572.61%
1996$2,240.222.74%
1997$2,280.151.78%
1998$2,312.421.42%
1999$2,377.712.82%
2000$2,477.664.20%
2001$2,565.053.53%
2002$2,599.961.36%
2003$2,654.712.11%
2004$2,690.121.33%
2005$2,777.013.23%
2006$2,863.653.12%
2007$2,906.651.50%
2008$3,039.644.58%
2009$3,019.59-0.66%
2010$3,037.360.59%
2011$3,129.353.03%
2012$3,195.012.10%
2013$3,252.971.81%
2014$3,291.591.19%
2015$3,275.15-0.50%
2016$3,321.081.40%
2017$3,405.712.55%
2018$3,505.942.94%
2019$3,579.552.10%
2020$3,601.740.62%
2021$3,783.045.03%
2022$4,116.908.83%
2023$4,333.805.27%
2024$4,474.963.26%*

* 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 Dallas-Fort Worth, Texas:

Year19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.987

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1968 * 1968 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 33.150 in the year 1968 and 296.987 in 2024:

296.987 / 33.150 * $499.50 = $4,474.96

Therefore, according to U.S. Bureau of Labor Statistics, $499.50 in 1968 has the same "purchasing power" as $4,474.96 in 2024 (in the CPI category of Dallas-Fort Worth, Texas).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Dallas-Fort Worth, Texas in 1963. In addition to Dallas, 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.