Dallas, Texas prices: $3.50 in 1971 $26.94 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($3.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $23.44 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, $3.50 in Dallas in the year 1971 would cost $26.94 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 $3.50 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $3.50 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$3.503.07%
1972$3.602.92%
1973$3.795.18%
1974$4.169.92%
1975$4.559.24%
1976$4.836.10%
1977$5.187.36%
1978$5.597.82%
1979$6.2812.42%
1980$7.3516.95%
1981$8.2111.74%
1982$8.706.04%
1983$9.023.66%
1984$9.454.70%
1985$9.803.75%
1986$9.971.75%
1987$10.222.49%
1988$10.522.91%
1989$10.832.99%
1990$11.324.52%
1991$11.854.68%
1992$12.142.42%
1993$12.442.50%
1994$12.792.83%
1995$13.132.61%
1996$13.492.74%
1997$13.731.78%
1998$13.921.42%
1999$14.312.82%
2000$14.924.20%
2001$15.443.53%
2002$15.651.36%
2003$15.982.11%
2004$16.201.33%
2005$16.723.23%
2006$17.243.12%
2007$17.501.50%
2008$18.304.58%
2009$18.18-0.66%
2010$18.290.59%
2011$18.843.03%
2012$19.232.10%
2013$19.581.81%
2014$19.821.19%
2015$19.72-0.50%
2016$19.991.40%
2017$20.502.55%
2018$21.112.94%
2019$21.552.10%
2020$21.680.62%
2021$22.775.03%
2022$24.788.83%
2023$26.095.27%
2024$26.943.26%*

* 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 * $3.50 = $26.94

Therefore, according to U.S. Bureau of Labor Statistics, $3.50 in 1971 has the same "purchasing power" as $26.94 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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