Dallas, Texas prices: $12,000,000 in 1985 $32,988,373.96 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($12,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 174.90% higher in 2024 versus 1985 (a $20,988,373.96 difference in value).

Between 1985 and 2024: Dallas experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, $12,000,000 in Dallas in the year 1985 would cost $32,988,373.96 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation in Dallas was lower.

In the year 1985: Pricing changed by 3.75%, which is above the average yearly change in Dallas during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), inflation in Dallas was 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 1985

Below are calculations of equivalent buying power in Dallas, over time, for $12,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$12,000,000.003.75%
1986$12,210,120.331.75%
1987$12,514,655.972.49%
1988$12,878,432.582.91%
1989$13,263,498.922.99%
1990$13,863,313.794.52%
1991$14,512,187.604.68%
1992$14,863,930.892.42%
1993$15,236,038.262.50%
1994$15,666,460.972.83%
1995$16,074,668.312.61%
1996$16,514,347.422.74%
1997$16,808,701.021.78%
1998$17,046,590.561.42%
1999$17,527,923.482.82%
2000$18,264,733.114.20%
2001$18,908,978.713.53%
2002$19,166,306.701.36%
2003$19,569,885.842.11%
2004$19,830,916.381.33%
2005$20,471,459.433.23%
2006$21,110,151.193.12%
2007$21,427,145.941.50%
2008$22,407,510.034.58%
2009$22,259,722.31-0.66%
2010$22,390,737.430.59%
2011$23,068,805.923.03%
2012$23,552,878.742.10%
2013$23,980,154.271.81%
2014$24,264,862.701.19%
2015$24,143,603.83-0.50%
2016$24,482,203.021.40%
2017$25,106,121.572.55%
2018$25,844,949.092.94%
2019$26,387,577.912.10%
2020$26,551,194.080.62%
2021$27,887,670.475.03%
2022$30,348,855.298.83%
2023$31,947,732.185.27%
2024$32,988,373.963.26%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 108.033 in the year 1985 and 296.987 in 2024:

296.987 / 108.033 * $12,000,000 = $32,988,373.96

Therefore, according to U.S. Bureau of Labor Statistics, $12,000,000 in 1985 has the same "purchasing power" as $32,988,373.96 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.

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