Dallas, Texas prices: $56,000,000 in 1996 $111,863,272.24 in 2024

Inflation in Texas

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Prices in Dallas, 1996-2024 ($56,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 99.76% higher in 2024 versus 1996 (a $55,863,272.24 difference in value).

Between 1996 and 2024: Dallas experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, $56,000,000 in Dallas in the year 1996 would cost $111,863,272.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation in Dallas was higher.

In the year 1996: Pricing changed by 2.74%, which is above the average yearly change in Dallas during the 1996-2024 time period. Compared to inflation for all items in 1996 (2.93%), 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 $56,000,000.00 since 1996

Below are calculations of equivalent buying power in Dallas, over time, for $56,000,000 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$56,000,000.002.74%
1997$56,998,150.331.78%
1998$57,804,831.571.42%
1999$59,437,027.072.82%
2000$61,935,541.734.20%
2001$64,120,172.643.53%
2002$64,992,769.461.36%
2003$66,361,302.622.11%
2004$67,246,454.801.33%
2005$69,418,530.353.23%
2006$71,584,328.233.12%
2007$72,659,254.531.50%
2008$75,983,660.114.58%
2009$75,482,513.31-0.66%
2010$75,926,784.370.59%
2011$78,226,108.403.03%
2012$79,867,594.872.10%
2013$81,316,482.261.81%
2014$82,281,925.901.19%
2015$81,870,738.19-0.50%
2016$83,018,924.951.40%
2017$85,134,626.982.55%
2018$87,639,984.312.94%
2019$89,480,033.632.10%
2020$90,034,854.550.62%
2021$94,566,833.705.03%
2022$102,912,688.758.83%
2023$108,334,465.565.27%
2024$111,863,272.243.26%*

* 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 1996 * 1996 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 148.675 in the year 1996 and 296.987 in 2024:

296.987 / 148.675 * $56,000,000 = $111,863,272.24

Therefore, according to U.S. Bureau of Labor Statistics, $56,000,000 in 1996 has the same "purchasing power" as $111,863,272.24 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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