Dallas, Texas prices: $3.50 in 1972 $26.18 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($3.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $22.68 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, $3.50 in Dallas in the year 1972 would cost $26.18 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
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Buying power of $3.50 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $3.50 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$3.502.92%
1973$3.685.18%
1974$4.059.92%
1975$4.429.24%
1976$4.696.10%
1977$5.047.36%
1978$5.437.82%
1979$6.1012.42%
1980$7.1416.95%
1981$7.9811.74%
1982$8.466.04%
1983$8.773.66%
1984$9.184.70%
1985$9.523.75%
1986$9.691.75%
1987$9.932.49%
1988$10.222.91%
1989$10.522.99%
1990$11.004.52%
1991$11.524.68%
1992$11.792.42%
1993$12.092.50%
1994$12.432.83%
1995$12.762.61%
1996$13.102.74%
1997$13.341.78%
1998$13.531.42%
1999$13.912.82%
2000$14.494.20%
2001$15.003.53%
2002$15.211.36%
2003$15.532.11%
2004$15.741.33%
2005$16.243.23%
2006$16.753.12%
2007$17.001.50%
2008$17.784.58%
2009$17.66-0.66%
2010$17.770.59%
2011$18.313.03%
2012$18.692.10%
2013$19.031.81%
2014$19.251.19%
2015$19.16-0.50%
2016$19.431.40%
2017$19.922.55%
2018$20.512.94%
2019$20.942.10%
2020$21.070.62%
2021$22.135.03%
2022$24.088.83%
2023$25.355.27%
2024$26.183.26%*

* 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 * $3.50 = $26.18

Therefore, according to U.S. Bureau of Labor Statistics, $3.50 in 1972 has the same "purchasing power" as $26.18 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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