Dallas, Texas prices: $56 in 1968 $501.70 in 2024

Inflation in Texas

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Prices in Dallas, 1968-2024 ($56)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 795.89% higher in 2024 versus 1968 (a $445.70 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, $56 in Dallas in the year 1968 would cost $501.70 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 $56.00 since 1968

Below are calculations of equivalent buying power in Dallas, over time, for $56 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$56.004.14%
1969$59.536.31%
1970$63.246.22%
1971$65.183.07%
1972$67.082.92%
1973$70.565.18%
1974$77.559.92%
1975$84.729.24%
1976$89.886.10%
1977$96.507.36%
1978$104.057.82%
1979$116.9712.42%
1980$136.7916.95%
1981$152.8511.74%
1982$162.096.04%
1983$168.013.66%
1984$175.914.70%
1985$182.503.75%
1986$185.701.75%
1987$190.332.49%
1988$195.862.91%
1989$201.722.99%
1990$210.844.52%
1991$220.714.68%
1992$226.062.42%
1993$231.712.50%
1994$238.262.83%
1995$244.472.61%
1996$251.162.74%
1997$255.631.78%
1998$259.251.42%
1999$266.572.82%
2000$277.784.20%
2001$287.573.53%
2002$291.491.36%
2003$297.622.11%
2004$301.591.33%
2005$311.343.23%
2006$321.053.12%
2007$325.871.50%
2008$340.784.58%
2009$338.53-0.66%
2010$340.530.59%
2011$350.843.03%
2012$358.202.10%
2013$364.701.81%
2014$369.031.19%
2015$367.18-0.50%
2016$372.331.40%
2017$381.822.55%
2018$393.062.94%
2019$401.312.10%
2020$403.800.62%
2021$424.125.03%
2022$461.558.83%
2023$485.875.27%
2024$501.703.26%*

* 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 * $56 = $501.70

Therefore, according to U.S. Bureau of Labor Statistics, $56 in 1968 has the same "purchasing power" as $501.70 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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