Dallas, Texas prices: $6.59 in 1971 $50.73 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($6.59)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $44.14 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, $6.59 in Dallas in the year 1971 would cost $50.73 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 $6.59 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $6.59 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$6.593.07%
1972$6.782.92%
1973$7.135.18%
1974$7.849.92%
1975$8.579.24%
1976$9.096.10%
1977$9.767.36%
1978$10.527.82%
1979$11.8312.42%
1980$13.8316.95%
1981$15.4511.74%
1982$16.396.04%
1983$16.993.66%
1984$17.794.70%
1985$18.453.75%
1986$18.781.75%
1987$19.242.49%
1988$19.802.91%
1989$20.392.99%
1990$21.324.52%
1991$22.314.68%
1992$22.862.42%
1993$23.432.50%
1994$24.092.83%
1995$24.722.61%
1996$25.392.74%
1997$25.851.78%
1998$26.211.42%
1999$26.952.82%
2000$28.094.20%
2001$29.083.53%
2002$29.471.36%
2003$30.092.11%
2004$30.491.33%
2005$31.483.23%
2006$32.463.12%
2007$32.951.50%
2008$34.464.58%
2009$34.23-0.66%
2010$34.430.59%
2011$35.473.03%
2012$36.222.10%
2013$36.871.81%
2014$37.311.19%
2015$37.12-0.50%
2016$37.651.40%
2017$38.602.55%
2018$39.742.94%
2019$40.582.10%
2020$40.830.62%
2021$42.885.03%
2022$46.678.83%
2023$49.125.27%
2024$50.733.26%*

* 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 * $6.59 = $50.73

Therefore, according to U.S. Bureau of Labor Statistics, $6.59 in 1971 has the same "purchasing power" as $50.73 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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