Dallas, Texas prices: $2.50 in 1970 $19.83 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($2.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $17.33 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, $2.50 in Dallas in the year 1970 would cost $19.83 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
Public transportation · Fresh fruits · Milk · Houston, Texas · More

Buying power of $2.50 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $2.50 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$2.506.22%
1971$2.583.07%
1972$2.652.92%
1973$2.795.18%
1974$3.079.92%
1975$3.359.24%
1976$3.556.10%
1977$3.827.36%
1978$4.117.82%
1979$4.6212.42%
1980$5.4116.95%
1981$6.0411.74%
1982$6.416.04%
1983$6.643.66%
1984$6.954.70%
1985$7.223.75%
1986$7.341.75%
1987$7.522.49%
1988$7.742.91%
1989$7.972.99%
1990$8.344.52%
1991$8.734.68%
1992$8.942.42%
1993$9.162.50%
1994$9.422.83%
1995$9.662.61%
1996$9.932.74%
1997$10.111.78%
1998$10.251.42%
1999$10.542.82%
2000$10.984.20%
2001$11.373.53%
2002$11.521.36%
2003$11.772.11%
2004$11.921.33%
2005$12.313.23%
2006$12.693.12%
2007$12.881.50%
2008$13.474.58%
2009$13.38-0.66%
2010$13.460.59%
2011$13.873.03%
2012$14.162.10%
2013$14.421.81%
2014$14.591.19%
2015$14.52-0.50%
2016$14.721.40%
2017$15.102.55%
2018$15.542.94%
2019$15.872.10%
2020$15.960.62%
2021$16.775.03%
2022$18.258.83%
2023$19.215.27%
2024$19.833.26%*

* 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 * $2.50 = $19.83

Therefore, according to U.S. Bureau of Labor Statistics, $2.50 in 1970 has the same "purchasing power" as $19.83 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.