Dallas, Texas prices: $7.40 in 1967 $69.04 in 2024

Inflation in Texas

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Prices in Dallas, 1967-2024 ($7.40)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 832.94% higher in 2024 versus 1967 (a $61.64 difference in value).

Between 1967 and 2024: Dallas experienced an average inflation rate of 4% per year. This rate of change indicates significant inflation. In other words, $7.40 in Dallas in the year 1967 would cost $69.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation in Dallas was higher.

In the year 1967: Pricing changed by 3.08%, which is below the average yearly change in Dallas during the 1967-2024 time period. Compared to inflation for all items in 1967 (2.80%), 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
Frankfurters · Electricity · New cars · Dallas-Fort Worth, Texas · More

Buying power of $7.40 since 1967

Below are calculations of equivalent buying power in Dallas, over time, for $7.40 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$7.403.08%
1968$7.714.14%
1969$8.196.31%
1970$8.706.22%
1971$8.973.07%
1972$9.232.92%
1973$9.715.18%
1974$10.679.92%
1975$11.669.24%
1976$12.376.10%
1977$13.287.36%
1978$14.327.82%
1979$16.1012.42%
1980$18.8216.95%
1981$21.0311.74%
1982$22.306.04%
1983$23.123.66%
1984$24.214.70%
1985$25.113.75%
1986$25.551.75%
1987$26.192.49%
1988$26.952.91%
1989$27.762.99%
1990$29.014.52%
1991$30.374.68%
1992$31.112.42%
1993$31.892.50%
1994$32.792.83%
1995$33.642.61%
1996$34.562.74%
1997$35.181.78%
1998$35.671.42%
1999$36.682.82%
2000$38.224.20%
2001$39.573.53%
2002$40.111.36%
2003$40.962.11%
2004$41.501.33%
2005$42.843.23%
2006$44.183.12%
2007$44.841.50%
2008$46.894.58%
2009$46.58-0.66%
2010$46.860.59%
2011$48.283.03%
2012$49.292.10%
2013$50.191.81%
2014$50.781.19%
2015$50.53-0.50%
2016$51.241.40%
2017$52.542.55%
2018$54.092.94%
2019$55.222.10%
2020$55.570.62%
2021$58.365.03%
2022$63.518.83%
2023$66.865.27%
2024$69.043.26%*

* 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 1967 * 1967 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 31.833 in the year 1967 and 296.987 in 2024:

296.987 / 31.833 * $7.40 = $69.04

Therefore, according to U.S. Bureau of Labor Statistics, $7.40 in 1967 has the same "purchasing power" as $69.04 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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