Dallas, Texas prices: $24.95 in 1970 $197.95 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($24.95)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $173 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, $24.95 in Dallas in the year 1970 would cost $197.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% 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 $24.95 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $24.95 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$24.956.22%
1971$25.723.07%
1972$26.472.92%
1973$27.845.18%
1974$30.609.92%
1975$33.439.24%
1976$35.466.10%
1977$38.077.36%
1978$41.057.82%
1979$46.1512.42%
1980$53.9716.95%
1981$60.3111.74%
1982$63.956.04%
1983$66.293.66%
1984$69.414.70%
1985$72.013.75%
1986$73.271.75%
1987$75.092.49%
1988$77.282.91%
1989$79.592.99%
1990$83.194.52%
1991$87.084.68%
1992$89.192.42%
1993$91.422.50%
1994$94.012.83%
1995$96.462.61%
1996$99.092.74%
1997$100.861.78%
1998$102.291.42%
1999$105.182.82%
2000$109.604.20%
2001$113.463.53%
2002$115.011.36%
2003$117.432.11%
2004$119.001.33%
2005$122.843.23%
2006$126.673.12%
2007$128.571.50%
2008$134.464.58%
2009$133.57-0.66%
2010$134.360.59%
2011$138.423.03%
2012$141.332.10%
2013$143.891.81%
2014$145.601.19%
2015$144.87-0.50%
2016$146.911.40%
2017$150.652.55%
2018$155.082.94%
2019$158.342.10%
2020$159.320.62%
2021$167.345.03%
2022$182.118.83%
2023$191.705.27%
2024$197.953.26%*

* 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 * $24.95 = $197.95

Therefore, according to U.S. Bureau of Labor Statistics, $24.95 in 1970 has the same "purchasing power" as $197.95 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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