Dallas, Texas prices: $1,345 in 1970 $10,639.79 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($1,345)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 691.06% higher in 2024 versus 1970 (a $9,294.79 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, $1,345 in Dallas in the year 1970 would cost $10,639.79 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
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Buying power of $1,345.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $1,345 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1,345.006.22%
1971$1,386.323.07%
1972$1,426.742.92%
1973$1,500.705.18%
1974$1,649.519.92%
1975$1,801.929.24%
1976$1,911.806.10%
1977$2,052.537.36%
1978$2,213.027.82%
1979$2,487.8912.42%
1980$2,909.4816.95%
1981$3,251.1211.74%
1982$3,447.546.04%
1983$3,573.593.66%
1984$3,741.574.70%
1985$3,881.703.75%
1986$3,949.661.75%
1987$4,048.172.49%
1988$4,165.852.91%
1989$4,290.412.99%
1990$4,484.434.52%
1991$4,694.334.68%
1992$4,808.112.42%
1993$4,928.472.50%
1994$5,067.702.83%
1995$5,199.752.61%
1996$5,341.972.74%
1997$5,437.191.78%
1998$5,514.141.42%
1999$5,669.842.82%
2000$5,908.184.20%
2001$6,116.583.53%
2002$6,199.821.36%
2003$6,330.362.11%
2004$6,414.801.33%
2005$6,622.003.23%
2006$6,828.603.12%
2007$6,931.141.50%
2008$7,248.264.58%
2009$7,200.46-0.66%
2010$7,242.840.59%
2011$7,462.173.03%
2012$7,618.762.10%
2013$7,756.971.81%
2014$7,849.071.19%
2015$7,809.84-0.50%
2016$7,919.371.40%
2017$8,121.202.55%
2018$8,360.192.94%
2019$8,535.712.10%
2020$8,588.640.62%
2021$9,020.965.03%
2022$9,817.098.83%
2023$10,334.285.27%
2024$10,639.792.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

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 296.121 in 2024:

296.121 / 37.433 * $1,345 = $10,639.79

Therefore, according to U.S. Bureau of Labor Statistics, $1,345 in 1970 has the same "purchasing power" as $10,639.79 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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