Dallas, Texas prices: $56 in 1970 $444.29 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($56)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $388.29 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, $56 in Dallas in the year 1970 would cost $444.29 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 $56.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $56 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$56.006.22%
1971$57.723.07%
1972$59.402.92%
1973$62.485.18%
1974$68.689.92%
1975$75.029.24%
1976$79.606.10%
1977$85.467.36%
1978$92.147.82%
1979$103.5912.42%
1980$121.1416.95%
1981$135.3611.74%
1982$143.546.04%
1983$148.793.66%
1984$155.784.70%
1985$161.623.75%
1986$164.451.75%
1987$168.552.49%
1988$173.452.91%
1989$178.632.99%
1990$186.714.52%
1991$195.454.68%
1992$200.192.42%
1993$205.202.50%
1994$211.002.83%
1995$216.502.61%
1996$222.422.74%
1997$226.381.78%
1998$229.591.42%
1999$236.072.82%
2000$245.994.20%
2001$254.673.53%
2002$258.131.36%
2003$263.572.11%
2004$267.081.33%
2005$275.713.23%
2006$284.313.12%
2007$288.581.50%
2008$301.794.58%
2009$299.80-0.66%
2010$301.560.59%
2011$310.693.03%
2012$317.212.10%
2013$322.971.81%
2014$326.801.19%
2015$325.17-0.50%
2016$329.731.40%
2017$338.132.55%
2018$348.082.94%
2019$355.392.10%
2020$357.590.62%
2021$375.595.03%
2022$408.748.83%
2023$430.275.27%
2024$444.293.26%*

* 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 * $56 = $444.29

Therefore, according to U.S. Bureau of Labor Statistics, $56 in 1970 has the same "purchasing power" as $444.29 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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