Dallas, Texas prices: $5 in 1998 $9.65 in 2024

Inflation in Texas

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Prices in Dallas, 1998-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 92.95% higher in 2024 versus 1998 (a $4.65 difference in value).

Between 1998 and 2024: Dallas experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $5 in Dallas in the year 1998 would cost $9.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation in Dallas was higher.

In the year 1998: Pricing changed by 1.42%, which is below the average yearly change in Dallas during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), 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 $5.00 since 1998

Below are calculations of equivalent buying power in Dallas, over time, for $5 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$5.001.42%
1999$5.142.82%
2000$5.364.20%
2001$5.553.53%
2002$5.621.36%
2003$5.742.11%
2004$5.821.33%
2005$6.003.23%
2006$6.193.12%
2007$6.281.50%
2008$6.574.58%
2009$6.53-0.66%
2010$6.570.59%
2011$6.773.03%
2012$6.912.10%
2013$7.031.81%
2014$7.121.19%
2015$7.08-0.50%
2016$7.181.40%
2017$7.362.55%
2018$7.582.94%
2019$7.742.10%
2020$7.790.62%
2021$8.185.03%
2022$8.908.83%
2023$9.375.27%
2024$9.652.96%*

* 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 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 153.467 in the year 1998 and 296.121 in 2024:

296.121 / 153.467 * $5 = $9.65

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1998 has the same "purchasing power" as $9.65 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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