Dallas, Texas prices: $550 in 1978 $2,652.03 in 2024

Inflation in Texas

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Prices in Dallas, 1978-2024 ($550)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 382.19% higher in 2024 versus 1978 (a $2,102.03 difference in value).

Between 1978 and 2024: Dallas experienced an average inflation rate of 3.48% per year. This rate of change indicates significant inflation. In other words, $550 in Dallas in the year 1978 would cost $2,652.03 in 2024 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 1978: Pricing changed by 7.82%, which is significantly above the average yearly change in Dallas during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), 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
Electricity · New cars · Public transportation · Dallas-Fort Worth, Texas · More

Buying power of $550.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $550 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$550.007.82%
1979$618.3112.42%
1980$723.0916.95%
1981$808.0011.74%
1982$856.816.04%
1983$888.143.66%
1984$929.894.70%
1985$964.713.75%
1986$981.611.75%
1987$1,006.092.49%
1988$1,035.332.91%
1989$1,066.292.99%
1990$1,114.514.52%
1991$1,166.684.68%
1992$1,194.952.42%
1993$1,224.872.50%
1994$1,259.472.83%
1995$1,292.292.61%
1996$1,327.632.74%
1997$1,351.301.78%
1998$1,370.421.42%
1999$1,409.122.82%
2000$1,468.354.20%
2001$1,520.153.53%
2002$1,540.831.36%
2003$1,573.282.11%
2004$1,594.261.33%
2005$1,645.763.23%
2006$1,697.103.12%
2007$1,722.591.50%
2008$1,801.404.58%
2009$1,789.52-0.66%
2010$1,800.050.59%
2011$1,854.573.03%
2012$1,893.482.10%
2013$1,927.831.81%
2014$1,950.721.19%
2015$1,940.97-0.50%
2016$1,968.191.40%
2017$2,018.352.55%
2018$2,077.752.94%
2019$2,121.372.10%
2020$2,134.530.62%
2021$2,241.975.03%
2022$2,439.838.83%
2023$2,568.375.27%
2024$2,652.033.26%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.987

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1978 * 1978 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 61.592 in the year 1978 and 296.987 in 2024:

296.987 / 61.592 * $550 = $2,652.03

Therefore, according to U.S. Bureau of Labor Statistics, $550 in 1978 has the same "purchasing power" as $2,652.03 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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