Dallas, Texas prices: $12,000,000 in 1980 $44,309,988.68 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($12,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 269.25% higher in 2024 versus 1980 (a $32,309,988.68 difference in value).

Between 1980 and 2024: Dallas experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, $12,000,000 in Dallas in the year 1980 would cost $44,309,988.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.08% during this same period, inflation in Dallas was lower.

In the year 1980: Pricing changed by 16.95%, which is significantly above the average yearly change in Dallas during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation in Dallas was much higher.

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
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Buying power of $12,000,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $12,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$12,000,000.0016.95%
1981$13,409,076.8811.74%
1982$14,219,203.466.04%
1983$14,739,117.013.66%
1984$15,431,923.434.70%
1985$16,009,879.593.75%
1986$16,290,213.031.75%
1987$16,696,511.272.49%
1988$17,181,846.252.91%
1989$17,695,585.062.99%
1990$18,495,832.054.52%
1991$19,361,531.344.68%
1992$19,830,811.982.42%
1993$20,327,261.502.50%
1994$20,901,512.812.83%
1995$21,446,125.352.61%
1996$22,032,726.152.74%
1997$22,425,439.951.78%
1998$22,742,821.861.42%
1999$23,384,995.372.82%
2000$24,368,014.824.20%
2001$25,227,539.363.53%
2002$25,570,855.201.36%
2003$26,109,292.992.11%
2004$26,457,548.631.33%
2005$27,312,133.373.23%
2006$28,164,248.223.12%
2007$28,587,168.881.50%
2008$29,895,128.134.58%
2009$29,697,956.16-0.66%
2010$29,872,750.850.59%
2011$30,777,400.433.03%
2012$31,423,229.392.10%
2013$31,993,281.881.81%
2014$32,373,127.511.19%
2015$32,211,349.18-0.50%
2016$32,663,093.551.40%
2017$33,495,498.612.55%
2018$34,481,210.252.94%
2019$35,205,162.092.10%
2020$35,423,451.680.62%
2021$37,206,520.535.03%
2022$40,490,126.588.83%
2023$42,623,278.795.27%
2024$44,309,988.683.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618299.000

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 80.975 in the year 1980 and 299.000 in 2024:

299.000 / 80.975 * $12,000,000 = $44,309,988.68

Therefore, according to U.S. Bureau of Labor Statistics, $12,000,000 in 1980 has the same "purchasing power" as $44,309,988.68 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.

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