Dallas, Texas prices: $23 in 1972 $171.52 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($23)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 645.74% higher in 2024 versus 1972 (a $148.52 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, $23 in Dallas in the year 1972 would cost $171.52 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 $23.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $23 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$23.002.92%
1973$24.195.18%
1974$26.599.92%
1975$29.059.24%
1976$30.826.10%
1977$33.097.36%
1978$35.687.82%
1979$40.1112.42%
1980$46.9016.95%
1981$52.4111.74%
1982$55.586.04%
1983$57.613.66%
1984$60.324.70%
1985$62.583.75%
1986$63.671.75%
1987$65.262.49%
1988$67.162.91%
1989$69.162.99%
1990$72.294.52%
1991$75.684.68%
1992$77.512.42%
1993$79.452.50%
1994$81.692.83%
1995$83.822.61%
1996$86.122.74%
1997$87.651.78%
1998$88.891.42%
1999$91.402.82%
2000$95.244.20%
2001$98.603.53%
2002$99.951.36%
2003$102.052.11%
2004$103.411.33%
2005$106.753.23%
2006$110.083.12%
2007$111.731.50%
2008$116.854.58%
2009$116.08-0.66%
2010$116.760.59%
2011$120.303.03%
2012$122.822.10%
2013$125.051.81%
2014$126.531.19%
2015$125.90-0.50%
2016$127.671.40%
2017$130.922.55%
2018$134.772.94%
2019$137.602.10%
2020$138.450.62%
2021$145.425.03%
2022$158.268.83%
2023$166.605.27%
2024$171.522.96%*

* 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 * $23 = $171.52

Therefore, according to U.S. Bureau of Labor Statistics, $23 in 1972 has the same "purchasing power" as $171.52 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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