According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 29.72% higher in 2023 versus 2016 (a $0.30 difference in value).
Between 2016 and 2023: Dallas experienced an average inflation rate of 3.79% per year. This rate of change indicates significant inflation. In other words, $1 in Dallas in the year 2016 would cost $1.30 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation in Dallas was higher.
In the year 2016: Pricing changed by 1.40%, which is below the average yearly change in Dallas during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation in Dallas was higher.
Below are calculations of equivalent buying power in Dallas, over time, for $1 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: