Dallas, Texas prices: $40,000,000 in 2004 $66,345,257.65 in 2024

Inflation in Texas

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Prices in Dallas, 2004-2024 ($40,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 65.86% higher in 2024 versus 2004 (a $26,345,257.65 difference in value).

Between 2004 and 2024: Dallas experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $40,000,000 in Dallas in the year 2004 would cost $66,345,257.65 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 2004: Pricing changed by 1.33%, which is below the average yearly change in Dallas during the 2004-2024 time period. Compared to inflation for all items in 2004 (2.68%), 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 $40,000,000.00 since 2004

Below are calculations of equivalent buying power in Dallas, over time, for $40,000,000 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$40,000,000.001.33%
2005$41,292,008.963.23%
2006$42,580,283.793.12%
2007$43,219,678.861.50%
2008$45,197,124.724.58%
2009$44,899,029.13-0.66%
2010$45,163,293.500.59%
2011$46,530,993.283.03%
2012$47,507,393.582.10%
2013$48,369,230.771.81%
2014$48,943,502.611.19%
2015$48,698,917.10-0.50%
2016$49,381,889.471.40%
2017$50,640,365.942.55%
2018$52,130,619.872.94%
2019$53,225,130.692.10%
2020$53,555,153.100.62%
2021$56,250,896.195.03%
2022$61,215,235.258.83%
2023$64,440,253.925.27%
2024$66,345,257.652.96%*

* 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 2004 * 2004 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 178.533 in the year 2004 and 296.121 in 2024:

296.121 / 178.533 * $40,000,000 = $66,345,257.65

Therefore, according to U.S. Bureau of Labor Statistics, $40,000,000 in 2004 has the same "purchasing power" as $66,345,257.65 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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