According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 14.66% higher in 2021 versus 2015 (a $73.31 difference in value).
Between 2015 and 2021: Dallas experienced an average inflation rate of 2.31% per year. This rate of change indicates significant inflation. In other words, $500 in Dallas in the year 2015 would cost $573.31 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation in Dallas was higher.
In the year 2015: Pricing changed by -0.50%, which is below the average yearly change in Dallas during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), inflation in Dallas was lower.
Below are calculations of equivalent buying power in Dallas, over time, for $500 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Dallas-Fort Worth, Texas: