Dallas, Texas prices: $56 in 1965 $557.16 in 2024

Inflation in Texas

$

Prices in Dallas, 1965-2024 ($56)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $501.16 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, $56 in Dallas in the year 1965 would cost $557.16 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
Denver, Colorado · Admission to sporting events · Airline fares · Film and photographic supplies · More

Buying power of $56.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $56 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$56.001.07%
1966$57.943.46%
1967$59.723.08%
1968$62.194.14%
1969$66.126.31%
1970$70.236.22%
1971$72.383.07%
1972$74.492.92%
1973$78.365.18%
1974$86.139.92%
1975$94.089.24%
1976$99.826.10%
1977$107.177.36%
1978$115.557.82%
1979$129.9012.42%
1980$151.9116.95%
1981$169.7511.74%
1982$180.016.04%
1983$186.593.66%
1984$195.364.70%
1985$202.683.75%
1986$206.221.75%
1987$211.372.49%
1988$217.512.91%
1989$224.022.99%
1990$234.154.52%
1991$245.114.68%
1992$251.052.42%
1993$257.332.50%
1994$264.602.83%
1995$271.502.61%
1996$278.922.74%
1997$283.891.78%
1998$287.911.42%
1999$296.042.82%
2000$308.484.20%
2001$319.373.53%
2002$323.711.36%
2003$330.532.11%
2004$334.941.33%
2005$345.763.23%
2006$356.543.12%
2007$361.901.50%
2008$378.454.58%
2009$375.96-0.66%
2010$378.170.59%
2011$389.623.03%
2012$397.802.10%
2013$405.021.81%
2014$409.821.19%
2015$407.78-0.50%
2016$413.501.40%
2017$424.032.55%
2018$436.512.94%
2019$445.682.10%
2020$448.440.62%
2021$471.015.03%
2022$512.588.83%
2023$539.595.27%
2024$557.163.26%*

* 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 * $56 = $557.16

Therefore, according to U.S. Bureau of Labor Statistics, $56 in 1965 has the same "purchasing power" as $557.16 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.

» Read more about inflation and investment.