Dallas, Texas prices: $3.50 in 1968 $31.36 in 2024

Inflation in Texas

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Prices in Dallas, 1968-2024 ($3.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 795.89% higher in 2024 versus 1968 (a $27.86 difference in value).

Between 1968 and 2024: Dallas experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, $3.50 in Dallas in the year 1968 would cost $31.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation in Dallas was higher.

In the year 1968: Pricing changed by 4.14%, which is above the average yearly change in Dallas during the 1968-2024 time period. Compared to inflation for all items in 1968 (4.27%), 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 $3.50 since 1968

Below are calculations of equivalent buying power in Dallas, over time, for $3.50 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$3.504.14%
1969$3.726.31%
1970$3.956.22%
1971$4.073.07%
1972$4.192.92%
1973$4.415.18%
1974$4.859.92%
1975$5.299.24%
1976$5.626.10%
1977$6.037.36%
1978$6.507.82%
1979$7.3112.42%
1980$8.5516.95%
1981$9.5511.74%
1982$10.136.04%
1983$10.503.66%
1984$10.994.70%
1985$11.413.75%
1986$11.611.75%
1987$11.902.49%
1988$12.242.91%
1989$12.612.99%
1990$13.184.52%
1991$13.794.68%
1992$14.132.42%
1993$14.482.50%
1994$14.892.83%
1995$15.282.61%
1996$15.702.74%
1997$15.981.78%
1998$16.201.42%
1999$16.662.82%
2000$17.364.20%
2001$17.973.53%
2002$18.221.36%
2003$18.602.11%
2004$18.851.33%
2005$19.463.23%
2006$20.073.12%
2007$20.371.50%
2008$21.304.58%
2009$21.16-0.66%
2010$21.280.59%
2011$21.933.03%
2012$22.392.10%
2013$22.791.81%
2014$23.061.19%
2015$22.95-0.50%
2016$23.271.40%
2017$23.862.55%
2018$24.572.94%
2019$25.082.10%
2020$25.240.62%
2021$26.515.03%
2022$28.858.83%
2023$30.375.27%
2024$31.363.26%*

* 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 1968 * 1968 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 33.150 in the year 1968 and 296.987 in 2024:

296.987 / 33.150 * $3.50 = $31.36

Therefore, according to U.S. Bureau of Labor Statistics, $3.50 in 1968 has the same "purchasing power" as $31.36 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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