Dallas, Texas prices: $2.38 in 1970 $18.88 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($2.38)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $16.50 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, $2.38 in Dallas in the year 1970 would cost $18.88 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
Wireless telephone services · Bread · Indoor plants and flowers · Dallas-Fort Worth, Texas · More

Buying power of $2.38 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $2.38 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$2.386.22%
1971$2.453.07%
1972$2.522.92%
1973$2.665.18%
1974$2.929.92%
1975$3.199.24%
1976$3.386.10%
1977$3.637.36%
1978$3.927.82%
1979$4.4012.42%
1980$5.1516.95%
1981$5.7511.74%
1982$6.106.04%
1983$6.323.66%
1984$6.624.70%
1985$6.873.75%
1986$6.991.75%
1987$7.162.49%
1988$7.372.91%
1989$7.592.99%
1990$7.944.52%
1991$8.314.68%
1992$8.512.42%
1993$8.722.50%
1994$8.972.83%
1995$9.202.61%
1996$9.452.74%
1997$9.621.78%
1998$9.761.42%
1999$10.032.82%
2000$10.454.20%
2001$10.823.53%
2002$10.971.36%
2003$11.202.11%
2004$11.351.33%
2005$11.723.23%
2006$12.083.12%
2007$12.261.50%
2008$12.834.58%
2009$12.74-0.66%
2010$12.820.59%
2011$13.203.03%
2012$13.482.10%
2013$13.731.81%
2014$13.891.19%
2015$13.82-0.50%
2016$14.011.40%
2017$14.372.55%
2018$14.792.94%
2019$15.102.10%
2020$15.200.62%
2021$15.965.03%
2022$17.378.83%
2023$18.295.27%
2024$18.883.26%*

* 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 * $2.38 = $18.88

Therefore, according to U.S. Bureau of Labor Statistics, $2.38 in 1970 has the same "purchasing power" as $18.88 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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