Dallas, Texas prices: $3.18 in 1970 $25.23 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($3.18)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $22.05 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, $3.18 in Dallas in the year 1970 would cost $25.23 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 $3.18 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $3.18 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$3.186.22%
1971$3.283.07%
1972$3.372.92%
1973$3.555.18%
1974$3.909.92%
1975$4.269.24%
1976$4.526.10%
1977$4.857.36%
1978$5.237.82%
1979$5.8812.42%
1980$6.8816.95%
1981$7.6911.74%
1982$8.156.04%
1983$8.453.66%
1984$8.854.70%
1985$9.183.75%
1986$9.341.75%
1987$9.572.49%
1988$9.852.91%
1989$10.142.99%
1990$10.604.52%
1991$11.104.68%
1992$11.372.42%
1993$11.652.50%
1994$11.982.83%
1995$12.292.61%
1996$12.632.74%
1997$12.861.78%
1998$13.041.42%
1999$13.412.82%
2000$13.974.20%
2001$14.463.53%
2002$14.661.36%
2003$14.972.11%
2004$15.171.33%
2005$15.663.23%
2006$16.143.12%
2007$16.391.50%
2008$17.144.58%
2009$17.02-0.66%
2010$17.120.59%
2011$17.643.03%
2012$18.012.10%
2013$18.341.81%
2014$18.561.19%
2015$18.46-0.50%
2016$18.721.40%
2017$19.202.55%
2018$19.772.94%
2019$20.182.10%
2020$20.310.62%
2021$21.335.03%
2022$23.218.83%
2023$24.435.27%
2024$25.233.26%*

* 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 * $3.18 = $25.23

Therefore, according to U.S. Bureau of Labor Statistics, $3.18 in 1970 has the same "purchasing power" as $25.23 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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