Dallas, Texas prices: $7 in 1970 $55.54 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($7)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $48.54 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, $7 in Dallas in the year 1970 would cost $55.54 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 $7.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $7 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$7.006.22%
1971$7.223.07%
1972$7.432.92%
1973$7.815.18%
1974$8.589.92%
1975$9.389.24%
1976$9.956.10%
1977$10.687.36%
1978$11.527.82%
1979$12.9512.42%
1980$15.1416.95%
1981$16.9211.74%
1982$17.946.04%
1983$18.603.66%
1984$19.474.70%
1985$20.203.75%
1986$20.561.75%
1987$21.072.49%
1988$21.682.91%
1989$22.332.99%
1990$23.344.52%
1991$24.434.68%
1992$25.022.42%
1993$25.652.50%
1994$26.372.83%
1995$27.062.61%
1996$27.802.74%
1997$28.301.78%
1998$28.701.42%
1999$29.512.82%
2000$30.754.20%
2001$31.833.53%
2002$32.271.36%
2003$32.952.11%
2004$33.391.33%
2005$34.463.23%
2006$35.543.12%
2007$36.071.50%
2008$37.724.58%
2009$37.47-0.66%
2010$37.700.59%
2011$38.843.03%
2012$39.652.10%
2013$40.371.81%
2014$40.851.19%
2015$40.65-0.50%
2016$41.221.40%
2017$42.272.55%
2018$43.512.94%
2019$44.422.10%
2020$44.700.62%
2021$46.955.03%
2022$51.098.83%
2023$53.785.27%
2024$55.543.26%*

* 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 * $7 = $55.54

Therefore, according to U.S. Bureau of Labor Statistics, $7 in 1970 has the same "purchasing power" as $55.54 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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