Dallas, Texas prices: $7.42 in 1966 $71.35 in 2024

Inflation in Texas

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Prices in Dallas, 1966-2024 ($7.42)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 861.64% higher in 2024 versus 1966 (a $63.93 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, $7.42 in Dallas in the year 1966 would cost $71.35 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
Electricity · Educational books and supplies · Milk · St Louis, Missouri · More

Buying power of $7.42 since 1966

Below are calculations of equivalent buying power in Dallas, over time, for $7.42 beginning in 1966. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1966$7.423.46%
1967$7.653.08%
1968$7.964.14%
1969$8.476.31%
1970$8.996.22%
1971$9.273.07%
1972$9.542.92%
1973$10.035.18%
1974$11.039.92%
1975$12.059.24%
1976$12.786.10%
1977$13.727.36%
1978$14.807.82%
1979$16.6412.42%
1980$19.4516.95%
1981$21.7411.74%
1982$23.056.04%
1983$23.903.66%
1984$25.024.70%
1985$25.963.75%
1986$26.411.75%
1987$27.072.49%
1988$27.862.91%
1989$28.692.99%
1990$29.994.52%
1991$31.394.68%
1992$32.152.42%
1993$32.962.50%
1994$33.892.83%
1995$34.772.61%
1996$35.722.74%
1997$36.361.78%
1998$36.871.42%
1999$37.912.82%
2000$39.514.20%
2001$40.903.53%
2002$41.461.36%
2003$42.332.11%
2004$42.891.33%
2005$44.283.23%
2006$45.663.12%
2007$46.351.50%
2008$48.474.58%
2009$48.15-0.66%
2010$48.430.59%
2011$49.903.03%
2012$50.942.10%
2013$51.871.81%
2014$52.481.19%
2015$52.22-0.50%
2016$52.951.40%
2017$54.302.55%
2018$55.902.94%
2019$57.082.10%
2020$57.430.62%
2021$60.325.03%
2022$65.648.83%
2023$69.105.27%
2024$71.353.26%*

* 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 * $7.42 = $71.35

Therefore, according to U.S. Bureau of Labor Statistics, $7.42 in 1966 has the same "purchasing power" as $71.35 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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