Dallas, Texas prices: $1 in 2016 $1.30 in 2023

Inflation in Texas


Prices in Dallas, 2016-2023 ($1)

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.

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 $1.00 since 2016

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:

YearUSD ValueInflation 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:


Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 220.408 in the year 2016 and 285.915 in 2023:

285.915 / 220.408 * $1 = $1.30

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2016 has the same "purchasing power" as $1.30 in 2023 (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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