Dallas, Texas prices: $5.86 in 1970 $46.49 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($5.86)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $40.63 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, $5.86 in Dallas in the year 1970 would cost $46.49 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 $5.86 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $5.86 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$5.866.22%
1971$6.043.07%
1972$6.222.92%
1973$6.545.18%
1974$7.199.92%
1975$7.859.24%
1976$8.336.10%
1977$8.947.36%
1978$9.647.82%
1979$10.8412.42%
1980$12.6816.95%
1981$14.1611.74%
1982$15.026.04%
1983$15.573.66%
1984$16.304.70%
1985$16.913.75%
1986$17.211.75%
1987$17.642.49%
1988$18.152.91%
1989$18.692.99%
1990$19.544.52%
1991$20.454.68%
1992$20.952.42%
1993$21.472.50%
1994$22.082.83%
1995$22.652.61%
1996$23.272.74%
1997$23.691.78%
1998$24.021.42%
1999$24.702.82%
2000$25.744.20%
2001$26.653.53%
2002$27.011.36%
2003$27.582.11%
2004$27.951.33%
2005$28.853.23%
2006$29.753.12%
2007$30.201.50%
2008$31.584.58%
2009$31.37-0.66%
2010$31.560.59%
2011$32.513.03%
2012$33.192.10%
2013$33.801.81%
2014$34.201.19%
2015$34.03-0.50%
2016$34.501.40%
2017$35.382.55%
2018$36.422.94%
2019$37.192.10%
2020$37.420.62%
2021$39.305.03%
2022$42.778.83%
2023$45.035.27%
2024$46.493.26%*

* 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 * $5.86 = $46.49

Therefore, according to U.S. Bureau of Labor Statistics, $5.86 in 1970 has the same "purchasing power" as $46.49 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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