Dallas, Texas prices: $10,000,000 in 1988 $23,520,354.41 in 2022

Inflation in Texas

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Prices in Dallas, 1988-2022 ($10,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 135.20% higher in 2022 versus 1988 (a $13,520,354.41 difference in value).

Between 1988 and 2022: Dallas experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, $10,000,000 in Dallas in the year 1988 would cost $23,520,354.41 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.70% during this same period, inflation in Dallas was lower.

In the year 1988: Pricing changed by 2.91%, which is above the average yearly change in Dallas during the 1988-2022 time period. Compared to inflation for all items in 1988 (4.08%), 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 $10,000,000.00 since 1988

Below are calculations of equivalent buying power in Dallas, over time, for $10,000,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$10,000,000.002.91%
1989$10,299,000.932.99%
1990$10,764,752.394.52%
1991$11,268,597.714.68%
1992$11,541,723.572.42%
1993$11,830,661.972.50%
1994$12,164,881.772.83%
1995$12,481,851.512.61%
1996$12,823,258.822.74%
1997$13,051,822.041.78%
1998$13,236,541.361.42%
1999$13,610,292.532.82%
2000$14,182,419.324.20%
2001$14,682,670.883.53%
2002$14,882,484.011.36%
2003$15,195,859.992.11%
2004$15,398,548.121.33%
2005$15,895,924.673.23%
2006$16,391,863.723.12%
2007$16,638,007.621.50%
2008$17,399,252.504.58%
2009$17,284,496.51-0.66%
2010$17,386,228.710.59%
2011$17,912,743.483.03%
2012$18,288,622.152.10%
2013$18,620,398.191.81%
2014$18,841,472.001.19%
2015$18,747,315.46-0.50%
2016$19,010,235.031.40%
2017$19,494,702.802.55%
2018$20,068,396.462.94%
2019$20,489,743.412.10%
2020$20,616,790.050.62%
2021$21,654,553.305.03%
2022$23,520,354.418.62%*

* 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:

Year196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066272.699

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1988 * 1988 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 115.942 in the year 1988 and 272.699 in 2022:

272.699 / 115.942 * $10,000,000 = $23,520,354.41

Therefore, according to U.S. Bureau of Labor Statistics, $10,000,000 in 1988 has the same "purchasing power" as $23,520,354.41 in 2022 (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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