Dallas, Texas prices: $1.31 in 1972 $9.77 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($1.31)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 645.74% higher in 2024 versus 1972 (a $8.46 difference in value).

Between 1972 and 2024: Dallas experienced an average inflation rate of 3.94% per year. This rate of change indicates significant inflation. In other words, $1.31 in Dallas in the year 1972 would cost $9.77 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 1972: Pricing changed by 2.92%, which is below the average yearly change in Dallas during the 1972-2024 time period. Compared to inflation for all items in 1972 (3.27%), 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 $1.31 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $1.31 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$1.312.92%
1973$1.385.18%
1974$1.519.92%
1975$1.659.24%
1976$1.766.10%
1977$1.887.36%
1978$2.037.82%
1979$2.2812.42%
1980$2.6716.95%
1981$2.9911.74%
1982$3.176.04%
1983$3.283.66%
1984$3.444.70%
1985$3.563.75%
1986$3.631.75%
1987$3.722.49%
1988$3.822.91%
1989$3.942.99%
1990$4.124.52%
1991$4.314.68%
1992$4.412.42%
1993$4.532.50%
1994$4.652.83%
1995$4.772.61%
1996$4.902.74%
1997$4.991.78%
1998$5.061.42%
1999$5.212.82%
2000$5.424.20%
2001$5.623.53%
2002$5.691.36%
2003$5.812.11%
2004$5.891.33%
2005$6.083.23%
2006$6.273.12%
2007$6.361.50%
2008$6.664.58%
2009$6.61-0.66%
2010$6.650.59%
2011$6.853.03%
2012$7.002.10%
2013$7.121.81%
2014$7.211.19%
2015$7.17-0.50%
2016$7.271.40%
2017$7.462.55%
2018$7.682.94%
2019$7.842.10%
2020$7.890.62%
2021$8.285.03%
2022$9.018.83%
2023$9.495.27%
2024$9.772.96%*

* 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 1972 * 1972 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 39.708 in the year 1972 and 296.121 in 2024:

296.121 / 39.708 * $1.31 = $9.77

Therefore, according to U.S. Bureau of Labor Statistics, $1.31 in 1972 has the same "purchasing power" as $9.77 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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