Dallas, Texas prices: $38,000,000 in 1972 $284,210,014.69 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($38,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $246,210,014.69 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, $38,000,000 in Dallas in the year 1972 would cost $284,210,014.69 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 $38,000,000.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $38,000,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$38,000,000.002.92%
1973$39,969,779.645.18%
1974$43,933,263.389.92%
1975$47,992,444.919.24%
1976$50,919,202.526.10%
1977$54,667,366.217.36%
1978$58,941,867.797.82%
1979$66,262,749.2112.42%
1980$77,491,290.6616.95%
1981$86,590,556.1411.74%
1982$91,822,035.686.04%
1983$95,179,433.373.66%
1984$99,653,305.354.70%
1985$103,385,519.413.75%
1986$105,195,802.731.75%
1987$107,819,517.312.49%
1988$110,953,620.152.91%
1989$114,271,143.762.99%
1990$119,438,824.764.52%
1991$125,029,171.044.68%
1992$128,059,601.262.42%
1993$131,265,477.442.50%
1994$134,973,767.052.83%
1995$138,490,661.072.61%
1996$142,278,698.852.74%
1997$144,814,690.451.78%
1998$146,864,218.261.42%
1999$151,011,122.772.82%
2000$157,359,076.604.20%
2001$162,909,548.793.53%
2002$165,126,547.741.36%
2003$168,603,567.682.11%
2004$170,852,465.901.33%
2005$176,371,038.823.23%
2006$181,873,662.123.12%
2007$184,604,717.731.50%
2008$193,051,005.254.58%
2009$191,777,746.07-0.66%
2010$192,906,501.570.59%
2011$198,748,373.563.03%
2012$202,918,883.532.10%
2013$206,600,058.761.81%
2014$209,052,952.781.19%
2015$208,008,251.84-0.50%
2016$210,925,439.661.40%
2017$216,300,784.892.55%
2018$222,666,123.822.94%
2019$227,341,120.672.10%
2020$228,750,749.210.62%
2021$240,265,108.085.03%
2022$261,469,347.328.83%
2023$275,244,407.145.27%
2024$284,210,014.693.26%*

* 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 * $38,000,000 = $284,210,014.69

Therefore, according to U.S. Bureau of Labor Statistics, $38,000,000 in 1972 has the same "purchasing power" as $284,210,014.69 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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