Dallas, Texas prices: $23.96 in 1998 $46.68 in 2024

Inflation in Texas

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Prices in Dallas, 1998-2024 ($23.96)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 94.83% higher in 2024 versus 1998 (a $22.72 difference in value).

Between 1998 and 2024: Dallas experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, $23.96 in Dallas in the year 1998 would cost $46.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation in Dallas was higher.

In the year 1998: Pricing changed by 1.42%, which is below the average yearly change in Dallas during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), 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
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Buying power of $23.96 since 1998

Below are calculations of equivalent buying power in Dallas, over time, for $23.96 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$23.961.42%
1999$24.642.82%
2000$25.674.20%
2001$26.583.53%
2002$26.941.36%
2003$27.512.11%
2004$27.871.33%
2005$28.773.23%
2006$29.673.12%
2007$30.121.50%
2008$31.504.58%
2009$31.29-0.66%
2010$31.470.59%
2011$32.423.03%
2012$33.102.10%
2013$33.711.81%
2014$34.111.19%
2015$33.94-0.50%
2016$34.411.40%
2017$35.292.55%
2018$36.332.94%
2019$37.092.10%
2020$37.320.62%
2021$39.205.03%
2022$42.668.83%
2023$44.905.27%
2024$46.683.96%*

* 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 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 153.467 in the year 1998 and 299.000 in 2024:

299.000 / 153.467 * $23.96 = $46.68

Therefore, according to U.S. Bureau of Labor Statistics, $23.96 in 1998 has the same "purchasing power" as $46.68 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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