Dallas, Texas prices: $5 in 1997 $9.78 in 2024

Inflation in Texas

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Prices in Dallas, 1997-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 95.69% higher in 2024 versus 1997 (a $4.78 difference in value).

Between 1997 and 2024: Dallas experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, $5 in Dallas in the year 1997 would cost $9.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation in Dallas was higher.

In the year 1997: Pricing changed by 1.78%, which is below the average yearly change in Dallas during the 1997-2024 time period. Compared to inflation for all items in 1997 (2.33%), 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%).

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Buying power of $5.00 since 1997

Below are calculations of equivalent buying power in Dallas, over time, for $5 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$5.001.78%
1998$5.071.42%
1999$5.212.82%
2000$5.434.20%
2001$5.623.53%
2002$5.701.36%
2003$5.822.11%
2004$5.901.33%
2005$6.093.23%
2006$6.283.12%
2007$6.371.50%
2008$6.674.58%
2009$6.62-0.66%
2010$6.660.59%
2011$6.863.03%
2012$7.012.10%
2013$7.131.81%
2014$7.221.19%
2015$7.18-0.50%
2016$7.281.40%
2017$7.472.55%
2018$7.692.94%
2019$7.852.10%
2020$7.900.62%
2021$8.305.03%
2022$9.038.83%
2023$9.505.27%
2024$9.782.96%*

* 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 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 151.325 in the year 1997 and 296.121 in 2024:

296.121 / 151.325 * $5 = $9.78

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1997 has the same "purchasing power" as $9.78 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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