Dallas, Texas prices: $5.18 in 1988 $13.23 in 2024

Inflation in Texas

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Prices in Dallas, 1988-2024 ($5.18)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 155.41% higher in 2024 versus 1988 (a $8.05 difference in value).

Between 1988 and 2024: Dallas experienced an average inflation rate of 2.64% per year. This rate of change indicates significant inflation. In other words, $5.18 in Dallas in the year 1988 would cost $13.23 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.71% 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 1988-2024 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 $5.18 since 1988

Below are calculations of equivalent buying power in Dallas, over time, for $5.18 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$5.182.91%
1989$5.332.99%
1990$5.584.52%
1991$5.844.68%
1992$5.982.42%
1993$6.132.50%
1994$6.302.83%
1995$6.472.61%
1996$6.642.74%
1997$6.761.78%
1998$6.861.42%
1999$7.052.82%
2000$7.354.20%
2001$7.613.53%
2002$7.711.36%
2003$7.872.11%
2004$7.981.33%
2005$8.233.23%
2006$8.493.12%
2007$8.621.50%
2008$9.014.58%
2009$8.95-0.66%
2010$9.010.59%
2011$9.283.03%
2012$9.472.10%
2013$9.651.81%
2014$9.761.19%
2015$9.71-0.50%
2016$9.851.40%
2017$10.102.55%
2018$10.402.94%
2019$10.612.10%
2020$10.680.62%
2021$11.225.03%
2022$12.218.83%
2023$12.855.27%
2024$13.232.96%*

* 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 1988 * 1988 USD value = 2024 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 296.121 in 2024:

296.121 / 115.942 * $5.18 = $13.23

Therefore, according to U.S. Bureau of Labor Statistics, $5.18 in 1988 has the same "purchasing power" as $13.23 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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