Dallas, Texas prices: $7.42 in 1972 $55.50 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($7.42)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $48.08 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, $7.42 in Dallas in the year 1972 would cost $55.50 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 $7.42 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $7.42 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$7.422.92%
1973$7.805.18%
1974$8.589.92%
1975$9.379.24%
1976$9.946.10%
1977$10.677.36%
1978$11.517.82%
1979$12.9412.42%
1980$15.1316.95%
1981$16.9111.74%
1982$17.936.04%
1983$18.593.66%
1984$19.464.70%
1985$20.193.75%
1986$20.541.75%
1987$21.052.49%
1988$21.672.91%
1989$22.312.99%
1990$23.324.52%
1991$24.414.68%
1992$25.012.42%
1993$25.632.50%
1994$26.362.83%
1995$27.042.61%
1996$27.782.74%
1997$28.281.78%
1998$28.681.42%
1999$29.492.82%
2000$30.734.20%
2001$31.813.53%
2002$32.241.36%
2003$32.922.11%
2004$33.361.33%
2005$34.443.23%
2006$35.513.12%
2007$36.051.50%
2008$37.704.58%
2009$37.45-0.66%
2010$37.670.59%
2011$38.813.03%
2012$39.622.10%
2013$40.341.81%
2014$40.821.19%
2015$40.62-0.50%
2016$41.191.40%
2017$42.242.55%
2018$43.482.94%
2019$44.392.10%
2020$44.670.62%
2021$46.915.03%
2022$51.068.83%
2023$53.755.27%
2024$55.503.26%*

* 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 * $7.42 = $55.50

Therefore, according to U.S. Bureau of Labor Statistics, $7.42 in 1972 has the same "purchasing power" as $55.50 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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