Dallas, Texas prices: $2.38 in 1965 $23.68 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($2.38)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $21.30 difference in value).

Between 1965 and 2024: Dallas experienced an average inflation rate of 3.97% per year. This rate of change indicates significant inflation. In other words, $2.38 in Dallas in the year 1965 would cost $23.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation in Dallas was higher.

In the year 1965: Pricing changed by 1.07%, which is below the average yearly change in Dallas during the 1965-2024 time period. Compared to inflation for all items in 1965 (1.59%), 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 $2.38 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $2.38 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$2.381.07%
1966$2.463.46%
1967$2.543.08%
1968$2.644.14%
1969$2.816.31%
1970$2.986.22%
1971$3.083.07%
1972$3.172.92%
1973$3.335.18%
1974$3.669.92%
1975$4.009.24%
1976$4.246.10%
1977$4.557.36%
1978$4.917.82%
1979$5.5212.42%
1980$6.4616.95%
1981$7.2111.74%
1982$7.656.04%
1983$7.933.66%
1984$8.304.70%
1985$8.613.75%
1986$8.761.75%
1987$8.982.49%
1988$9.242.91%
1989$9.522.99%
1990$9.954.52%
1991$10.424.68%
1992$10.672.42%
1993$10.942.50%
1994$11.252.83%
1995$11.542.61%
1996$11.852.74%
1997$12.071.78%
1998$12.241.42%
1999$12.582.82%
2000$13.114.20%
2001$13.573.53%
2002$13.761.36%
2003$14.052.11%
2004$14.231.33%
2005$14.693.23%
2006$15.153.12%
2007$15.381.50%
2008$16.084.58%
2009$15.98-0.66%
2010$16.070.59%
2011$16.563.03%
2012$16.912.10%
2013$17.211.81%
2014$17.421.19%
2015$17.33-0.50%
2016$17.571.40%
2017$18.022.55%
2018$18.552.94%
2019$18.942.10%
2020$19.060.62%
2021$20.025.03%
2022$21.788.83%
2023$22.935.27%
2024$23.683.26%*

* 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 1965 * 1965 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 29.850 in the year 1965 and 296.987 in 2024:

296.987 / 29.850 * $2.38 = $23.68

Therefore, according to U.S. Bureau of Labor Statistics, $2.38 in 1965 has the same "purchasing power" as $23.68 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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