Dallas, Texas prices: $2.83 in 1971 $21.78 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($2.83)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $18.95 difference in value).

Between 1971 and 2024: Dallas experienced an average inflation rate of 3.93% per year. This rate of change indicates significant inflation. In other words, $2.83 in Dallas in the year 1971 would cost $21.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% 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 $2.83 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $2.83 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$2.833.07%
1972$2.912.92%
1973$3.065.18%
1974$3.379.92%
1975$3.689.24%
1976$3.906.10%
1977$4.197.36%
1978$4.527.82%
1979$5.0812.42%
1980$5.9416.95%
1981$6.6411.74%
1982$7.046.04%
1983$7.303.66%
1984$7.644.70%
1985$7.923.75%
1986$8.061.75%
1987$8.262.49%
1988$8.502.91%
1989$8.762.99%
1990$9.154.52%
1991$9.584.68%
1992$9.822.42%
1993$10.062.50%
1994$10.352.83%
1995$10.612.61%
1996$10.902.74%
1997$11.101.78%
1998$11.261.42%
1999$11.572.82%
2000$12.064.20%
2001$12.493.53%
2002$12.661.36%
2003$12.922.11%
2004$13.101.33%
2005$13.523.23%
2006$13.943.12%
2007$14.151.50%
2008$14.804.58%
2009$14.70-0.66%
2010$14.790.59%
2011$15.233.03%
2012$15.552.10%
2013$15.831.81%
2014$16.021.19%
2015$15.94-0.50%
2016$16.171.40%
2017$16.582.55%
2018$17.072.94%
2019$17.422.10%
2020$17.530.62%
2021$18.425.03%
2022$20.048.83%
2023$21.105.27%
2024$21.783.26%*

* 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 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 296.987 in 2024:

296.987 / 38.583 * $2.83 = $21.78

Therefore, according to U.S. Bureau of Labor Statistics, $2.83 in 1971 has the same "purchasing power" as $21.78 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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