Dallas, Texas prices: $40 in 1965 $397.97 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($40)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $357.97 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, $40 in Dallas in the year 1965 would cost $397.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.96% 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 $40.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $40 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$40.001.07%
1966$41.383.46%
1967$42.663.08%
1968$44.424.14%
1969$47.236.31%
1970$50.166.22%
1971$51.703.07%
1972$53.212.92%
1973$55.975.18%
1974$61.529.92%
1975$67.209.24%
1976$71.306.10%
1977$76.557.36%
1978$82.537.82%
1979$92.7912.42%
1980$108.5116.95%
1981$121.2511.74%
1982$128.586.04%
1983$133.283.66%
1984$139.544.70%
1985$144.773.75%
1986$147.301.75%
1987$150.982.49%
1988$155.372.91%
1989$160.012.99%
1990$167.254.52%
1991$175.084.68%
1992$179.322.42%
1993$183.812.50%
1994$189.002.83%
1995$193.932.61%
1996$199.232.74%
1997$202.781.78%
1998$205.651.42%
1999$211.462.82%
2000$220.354.20%
2001$228.123.53%
2002$231.221.36%
2003$236.092.11%
2004$239.241.33%
2005$246.973.23%
2006$254.673.12%
2007$258.501.50%
2008$270.324.58%
2009$268.54-0.66%
2010$270.120.59%
2011$278.303.03%
2012$284.142.10%
2013$289.301.81%
2014$292.731.19%
2015$291.27-0.50%
2016$295.351.40%
2017$302.882.55%
2018$311.792.94%
2019$318.342.10%
2020$320.310.62%
2021$336.445.03%
2022$366.138.83%
2023$385.425.27%
2024$397.973.26%*

* 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 * $40 = $397.97

Therefore, according to U.S. Bureau of Labor Statistics, $40 in 1965 has the same "purchasing power" as $397.97 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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