Dallas, Texas prices: $5 in 1978 $24.04 in 2024

Inflation in Texas

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Prices in Dallas, 1978-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 380.78% higher in 2024 versus 1978 (a $19.04 difference in value).

Between 1978 and 2024: Dallas experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, $5 in Dallas in the year 1978 would cost $24.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation in Dallas was higher.

In the year 1978: Pricing changed by 7.82%, which is significantly above the average yearly change in Dallas during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), inflation in Dallas was higher.

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 $5.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $5 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$5.007.82%
1979$5.6212.42%
1980$6.5716.95%
1981$7.3511.74%
1982$7.796.04%
1983$8.073.66%
1984$8.454.70%
1985$8.773.75%
1986$8.921.75%
1987$9.152.49%
1988$9.412.91%
1989$9.692.99%
1990$10.134.52%
1991$10.614.68%
1992$10.862.42%
1993$11.142.50%
1994$11.452.83%
1995$11.752.61%
1996$12.072.74%
1997$12.281.78%
1998$12.461.42%
1999$12.812.82%
2000$13.354.20%
2001$13.823.53%
2002$14.011.36%
2003$14.302.11%
2004$14.491.33%
2005$14.963.23%
2006$15.433.12%
2007$15.661.50%
2008$16.384.58%
2009$16.27-0.66%
2010$16.360.59%
2011$16.863.03%
2012$17.212.10%
2013$17.531.81%
2014$17.731.19%
2015$17.65-0.50%
2016$17.891.40%
2017$18.352.55%
2018$18.892.94%
2019$19.292.10%
2020$19.400.62%
2021$20.385.03%
2022$22.188.83%
2023$23.355.27%
2024$24.042.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1978 * 1978 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 61.592 in the year 1978 and 296.121 in 2024:

296.121 / 61.592 * $5 = $24.04

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1978 has the same "purchasing power" as $24.04 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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