Dallas, Texas prices: $0.76 in 1970 $6.03 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($0.76)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $5.27 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.91% per year. This rate of change indicates significant inflation. In other words, $0.76 in Dallas in the year 1970 would cost $6.03 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation in Dallas was lower.

In the year 1970: Pricing changed by 6.22%, which is above the average yearly change in Dallas during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), 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
Minneapolis-St Paul, Minnesota · Detroit, Michigan · Fish and seafood · Bananas · More

Buying power of $0.76 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $0.76 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$0.766.22%
1971$0.783.07%
1972$0.812.92%
1973$0.855.18%
1974$0.939.92%
1975$1.029.24%
1976$1.086.10%
1977$1.167.36%
1978$1.257.82%
1979$1.4112.42%
1980$1.6416.95%
1981$1.8411.74%
1982$1.956.04%
1983$2.023.66%
1984$2.114.70%
1985$2.193.75%
1986$2.231.75%
1987$2.292.49%
1988$2.352.91%
1989$2.422.99%
1990$2.534.52%
1991$2.654.68%
1992$2.722.42%
1993$2.782.50%
1994$2.862.83%
1995$2.942.61%
1996$3.022.74%
1997$3.071.78%
1998$3.121.42%
1999$3.202.82%
2000$3.344.20%
2001$3.463.53%
2002$3.501.36%
2003$3.582.11%
2004$3.621.33%
2005$3.743.23%
2006$3.863.12%
2007$3.921.50%
2008$4.104.58%
2009$4.07-0.66%
2010$4.090.59%
2011$4.223.03%
2012$4.312.10%
2013$4.381.81%
2014$4.441.19%
2015$4.41-0.50%
2016$4.471.40%
2017$4.592.55%
2018$4.722.94%
2019$4.822.10%
2020$4.850.62%
2021$5.105.03%
2022$5.558.83%
2023$5.845.27%
2024$6.033.26%*

* 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 1970 * 1970 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 37.433 in the year 1970 and 296.987 in 2024:

296.987 / 37.433 * $0.76 = $6.03

Therefore, according to U.S. Bureau of Labor Statistics, $0.76 in 1970 has the same "purchasing power" as $6.03 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.

» Read more about inflation and investment.