Dallas, Texas prices: $3.50 in 2020 $4.34 in 2024

Inflation in Texas

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Prices in Dallas, 2020-2024 ($3.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 23.88% higher in 2024 versus 2020 (a $0.84 difference in value).

Between 2020 and 2024: Dallas experienced an average inflation rate of 5.50% per year. This rate of change indicates significant inflation. In other words, $3.50 in Dallas in the year 2020 would cost $4.34 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.56% 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 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), 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 $3.50 since 2020

Below are calculations of equivalent buying power in Dallas, over time, for $3.50 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2020$3.500.62%
2021$3.685.03%
2022$4.008.83%
2023$4.215.27%
2024$4.342.96%*

* 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 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 239.035 in the year 2020 and 296.121 in 2024:

296.121 / 239.035 * $3.50 = $4.34

Therefore, according to U.S. Bureau of Labor Statistics, $3.50 in 2020 has the same "purchasing power" as $4.34 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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