Dallas, Texas prices: $6.96 in 1966 $66.93 in 2024

Inflation in Texas

$

Prices in Dallas, 1966-2024 ($6.96)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 861.64% higher in 2024 versus 1966 (a $59.97 difference in value).

Between 1966 and 2024: Dallas experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, $6.96 in Dallas in the year 1966 would cost $66.93 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.97% during this same period, inflation in Dallas was higher.

In the year 1966: Pricing changed by 3.46%, which is below the average yearly change in Dallas during the 1966-2024 time period. Compared to inflation for all items in 1966 (3%), 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
Boston, Massachusetts · Alcoholic beverages · Admission to sporting events · Minneapolis-St Paul, Minnesota · More

Buying power of $6.96 since 1966

Below are calculations of equivalent buying power in Dallas, over time, for $6.96 beginning in 1966. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1966$6.963.46%
1967$7.173.08%
1968$7.474.14%
1969$7.946.31%
1970$8.446.22%
1971$8.703.07%
1972$8.952.92%
1973$9.415.18%
1974$10.359.92%
1975$11.309.24%
1976$11.996.10%
1977$12.877.36%
1978$13.887.82%
1979$15.6012.42%
1980$18.2516.95%
1981$20.3911.74%
1982$21.626.04%
1983$22.413.66%
1984$23.474.70%
1985$24.353.75%
1986$24.771.75%
1987$25.392.49%
1988$26.132.91%
1989$26.912.99%
1990$28.134.52%
1991$29.444.68%
1992$30.162.42%
1993$30.912.50%
1994$31.792.83%
1995$32.612.61%
1996$33.512.74%
1997$34.101.78%
1998$34.591.42%
1999$35.562.82%
2000$37.064.20%
2001$38.363.53%
2002$38.891.36%
2003$39.712.11%
2004$40.241.33%
2005$41.533.23%
2006$42.833.12%
2007$43.471.50%
2008$45.464.58%
2009$45.16-0.66%
2010$45.430.59%
2011$46.803.03%
2012$47.792.10%
2013$48.651.81%
2014$49.231.19%
2015$48.99-0.50%
2016$49.671.40%
2017$50.942.55%
2018$52.442.94%
2019$53.542.10%
2020$53.870.62%
2021$56.585.03%
2022$61.578.83%
2023$64.825.27%
2024$66.933.26%*

* 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 1966 * 1966 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 30.883 in the year 1966 and 296.987 in 2024:

296.987 / 30.883 * $6.96 = $66.93

Therefore, according to U.S. Bureau of Labor Statistics, $6.96 in 1966 has the same "purchasing power" as $66.93 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.

» Read more about inflation and investment.