Dallas, Texas prices: $980 in 1967 $9,142.85 in 2024

Inflation in Texas

$

Prices in Dallas, 1967-2024 ($980)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 832.94% higher in 2024 versus 1967 (a $8,162.85 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, $980 in Dallas in the year 1967 would cost $9,142.85 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
Legal services · Dallas-Fort Worth, Texas · Housing · Bananas · More

Buying power of $980.00 since 1967

Below are calculations of equivalent buying power in Dallas, over time, for $980 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$980.003.08%
1968$1,020.534.14%
1969$1,084.936.31%
1970$1,152.406.22%
1971$1,187.803.07%
1972$1,222.432.92%
1973$1,285.805.18%
1974$1,413.309.92%
1975$1,543.889.24%
1976$1,638.046.10%
1977$1,758.617.36%
1978$1,896.127.82%
1979$2,131.6312.42%
1980$2,492.8416.95%
1981$2,785.5611.74%
1982$2,953.856.04%
1983$3,061.863.66%
1984$3,205.784.70%
1985$3,325.843.75%
1986$3,384.081.75%
1987$3,468.482.49%
1988$3,569.302.91%
1989$3,676.032.99%
1990$3,842.274.52%
1991$4,022.104.68%
1992$4,119.592.42%
1993$4,222.722.50%
1994$4,342.022.83%
1995$4,455.152.61%
1996$4,577.012.74%
1997$4,658.591.78%
1998$4,724.521.42%
1999$4,857.932.82%
2000$5,062.144.20%
2001$5,240.693.53%
2002$5,312.011.36%
2003$5,423.862.11%
2004$5,496.211.33%
2005$5,673.743.23%
2006$5,850.753.12%
2007$5,938.611.50%
2008$6,210.324.58%
2009$6,169.36-0.66%
2010$6,205.670.59%
2011$6,393.603.03%
2012$6,527.762.10%
2013$6,646.191.81%
2014$6,725.091.19%
2015$6,691.49-0.50%
2016$6,785.331.40%
2017$6,958.252.55%
2018$7,163.022.94%
2019$7,313.412.10%
2020$7,358.760.62%
2021$7,729.175.03%
2022$8,411.298.83%
2023$8,854.435.27%
2024$9,142.853.26%*

* 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 * $980 = $9,142.85

Therefore, according to U.S. Bureau of Labor Statistics, $980 in 1967 has the same "purchasing power" as $9,142.85 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.