Dallas, Texas prices: $980 in 1970 $7,775.08 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($980)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $6,795.08 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, $980 in Dallas in the year 1970 would cost $7,775.08 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 $980.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $980 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$980.006.22%
1971$1,010.113.07%
1972$1,039.562.92%
1973$1,093.455.18%
1974$1,201.879.92%
1975$1,312.929.24%
1976$1,392.996.10%
1977$1,495.537.36%
1978$1,612.467.82%
1979$1,812.7412.42%
1980$2,119.9216.95%
1981$2,368.8411.74%
1982$2,511.966.04%
1983$2,603.813.66%
1984$2,726.204.70%
1985$2,828.303.75%
1986$2,877.821.75%
1987$2,949.602.49%
1988$3,035.342.91%
1989$3,126.102.99%
1990$3,267.474.52%
1991$3,420.404.68%
1992$3,503.302.42%
1993$3,591.012.50%
1994$3,692.452.83%
1995$3,788.662.61%
1996$3,892.292.74%
1997$3,961.671.78%
1998$4,017.741.42%
1999$4,131.182.82%
2000$4,304.844.20%
2001$4,456.693.53%
2002$4,517.341.36%
2003$4,612.462.11%
2004$4,673.981.33%
2005$4,824.953.23%
2006$4,975.493.12%
2007$5,050.201.50%
2008$5,281.264.58%
2009$5,246.43-0.66%
2010$5,277.310.59%
2011$5,437.123.03%
2012$5,551.222.10%
2013$5,651.921.81%
2014$5,719.021.19%
2015$5,690.44-0.50%
2016$5,770.251.40%
2017$5,917.302.55%
2018$6,091.442.94%
2019$6,219.332.10%
2020$6,257.890.62%
2021$6,572.895.03%
2022$7,152.978.83%
2023$7,529.815.27%
2024$7,775.083.26%*

* 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 * $980 = $7,775.08

Therefore, according to U.S. Bureau of Labor Statistics, $980 in 1970 has the same "purchasing power" as $7,775.08 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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