Dallas, Texas prices: $58 in 1971 $446.44 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($58)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $388.44 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, $58 in Dallas in the year 1971 would cost $446.44 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 $58.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $58 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$58.003.07%
1972$59.692.92%
1973$62.795.18%
1974$69.019.92%
1975$75.399.24%
1976$79.986.10%
1977$85.877.36%
1978$92.597.82%
1979$104.0912.42%
1980$121.7216.95%
1981$136.0211.74%
1982$144.246.04%
1983$149.513.66%
1984$156.544.70%
1985$162.403.75%
1986$165.241.75%
1987$169.372.49%
1988$174.292.91%
1989$179.502.99%
1990$187.624.52%
1991$196.404.68%
1992$201.162.42%
1993$206.192.50%
1994$212.022.83%
1995$217.542.61%
1996$223.492.74%
1997$227.481.78%
1998$230.701.42%
1999$237.212.82%
2000$247.184.20%
2001$255.903.53%
2002$259.381.36%
2003$264.852.11%
2004$268.381.33%
2005$277.053.23%
2006$285.693.12%
2007$289.981.50%
2008$303.254.58%
2009$301.25-0.66%
2010$303.020.59%
2011$312.203.03%
2012$318.752.10%
2013$324.531.81%
2014$328.381.19%
2015$326.74-0.50%
2016$331.331.40%
2017$339.772.55%
2018$349.772.94%
2019$357.112.10%
2020$359.330.62%
2021$377.415.03%
2022$410.728.83%
2023$432.365.27%
2024$446.443.26%*

* 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 * $58 = $446.44

Therefore, according to U.S. Bureau of Labor Statistics, $58 in 1971 has the same "purchasing power" as $446.44 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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