Dallas, Texas prices: $1,000 in 1972 $7,479.21 in 2024

Inflation in Texas

$

Prices in Dallas, 1972-2024 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $6,479.21 difference in value).

Between 1972 and 2024: Dallas experienced an average inflation rate of 3.95% per year. This rate of change indicates significant inflation. In other words, $1,000 in Dallas in the year 1972 would cost $7,479.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% 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
Wireless telephone services · Legal services · Detroit, Michigan · Minneapolis-St Paul, Minnesota · More

Buying power of $1,000.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $1,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$1,000.002.92%
1973$1,051.845.18%
1974$1,156.149.92%
1975$1,262.969.24%
1976$1,339.986.10%
1977$1,438.617.36%
1978$1,551.107.82%
1979$1,743.7612.42%
1980$2,039.2416.95%
1981$2,278.7011.74%
1982$2,416.376.04%
1983$2,504.723.66%
1984$2,622.464.70%
1985$2,720.673.75%
1986$2,768.311.75%
1987$2,837.362.49%
1988$2,919.832.91%
1989$3,007.142.99%
1990$3,143.134.52%
1991$3,290.244.68%
1992$3,369.992.42%
1993$3,454.352.50%
1994$3,551.942.83%
1995$3,644.492.61%
1996$3,744.182.74%
1997$3,810.911.78%
1998$3,864.851.42%
1999$3,973.982.82%
2000$4,141.034.20%
2001$4,287.093.53%
2002$4,345.441.36%
2003$4,436.942.11%
2004$4,496.121.33%
2005$4,641.343.23%
2006$4,786.153.12%
2007$4,858.021.50%
2008$5,080.294.58%
2009$5,046.78-0.66%
2010$5,076.490.59%
2011$5,230.223.03%
2012$5,339.972.10%
2013$5,436.841.81%
2014$5,501.391.19%
2015$5,473.90-0.50%
2016$5,550.671.40%
2017$5,692.132.55%
2018$5,859.632.94%
2019$5,982.662.10%
2020$6,019.760.62%
2021$6,322.775.03%
2022$6,880.778.83%
2023$7,243.275.27%
2024$7,479.213.26%*

* 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 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 296.987 in 2024:

296.987 / 39.708 * $1,000 = $7,479.21

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1972 has the same "purchasing power" as $7,479.21 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.

» Read more about inflation and investment.