According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 4.79% higher in 2021 versus 2020 (a $0.05 difference in value).
Between 2020 and 2021: Dallas experienced an average inflation rate of 4.79% per year. This rate of change indicates significant inflation. In other words, $1 in Dallas in the year 2020 would cost $1.05 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 4.70% during this same period, inflation in Dallas was higher.
In the year 2020: Pricing changed by 0.62%, which is significantly below the average yearly change in Dallas during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation in Dallas was lower.
Below are calculations of equivalent buying power in Dallas, over time, for $1 beginning in 2020. 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: