Dallas, Texas prices: $15.29 in 1971 $117.35 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($15.29)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 667.48% higher in 2024 versus 1971 (a $102.06 difference in value).

Between 1971 and 2024: Dallas experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, $15.29 in Dallas in the year 1971 would cost $117.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation in Dallas was higher.

In the year 1971: Pricing changed by 3.07%, which is below the average yearly change in Dallas during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation in Dallas was lower.

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 $15.29 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $15.29 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$15.293.07%
1972$15.742.92%
1973$16.555.18%
1974$18.199.92%
1975$19.879.24%
1976$21.096.10%
1977$22.647.36%
1978$24.417.82%
1979$27.4412.42%
1980$32.0916.95%
1981$35.8611.74%
1982$38.026.04%
1983$39.413.66%
1984$41.274.70%
1985$42.813.75%
1986$43.561.75%
1987$44.652.49%
1988$45.952.91%
1989$47.322.99%
1990$49.464.52%
1991$51.774.68%
1992$53.032.42%
1993$54.362.50%
1994$55.892.83%
1995$57.352.61%
1996$58.922.74%
1997$59.971.78%
1998$60.821.42%
1999$62.532.82%
2000$65.164.20%
2001$67.463.53%
2002$68.381.36%
2003$69.822.11%
2004$70.751.33%
2005$73.043.23%
2006$75.313.12%
2007$76.441.50%
2008$79.944.58%
2009$79.42-0.66%
2010$79.880.59%
2011$82.303.03%
2012$84.032.10%
2013$85.551.81%
2014$86.571.19%
2015$86.14-0.50%
2016$87.341.40%
2017$89.572.55%
2018$92.212.94%
2019$94.142.10%
2020$94.730.62%
2021$99.495.03%
2022$108.278.83%
2023$113.985.27%
2024$117.352.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1971 * 1971 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 38.583 in the year 1971 and 296.121 in 2024:

296.121 / 38.583 * $15.29 = $117.35

Therefore, according to U.S. Bureau of Labor Statistics, $15.29 in 1971 has the same "purchasing power" as $117.35 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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