Dallas, Texas prices: $7,000,000 in 1972 $52,354,476.39 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($7,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $45,354,476.39 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, $7,000,000 in Dallas in the year 1972 would cost $52,354,476.39 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 $7,000,000.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $7,000,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$7,000,000.002.92%
1973$7,362,854.145.18%
1974$8,092,969.579.92%
1975$8,840,713.549.24%
1976$9,379,853.106.10%
1977$10,070,304.307.36%
1978$10,857,712.497.82%
1979$12,206,295.9112.42%
1980$14,274,711.4416.95%
1981$15,950,891.9211.74%
1982$16,914,585.526.04%
1983$17,533,053.523.66%
1984$18,357,187.834.70%
1985$19,044,700.943.75%
1986$19,378,174.191.75%
1987$19,861,490.032.49%
1988$20,438,824.762.91%
1989$21,049,947.532.99%
1990$22,001,888.774.52%
1991$23,031,689.404.68%
1992$23,589,926.552.42%
1993$24,180,482.692.50%
1994$24,863,588.672.83%
1995$25,511,437.572.61%
1996$26,209,234.002.74%
1997$26,676,390.351.78%
1998$27,053,934.941.42%
1999$27,817,838.412.82%
2000$28,987,198.324.20%
2001$30,009,653.733.53%
2002$30,418,048.271.36%
2003$31,058,551.942.11%
2004$31,472,822.671.33%
2005$32,489,401.893.23%
2006$33,503,043.023.12%
2007$34,006,132.211.50%
2008$35,562,027.284.58%
2009$35,327,479.54-0.66%
2010$35,535,408.180.59%
2011$36,611,542.503.03%
2012$37,379,794.332.10%
2013$38,057,905.561.81%
2014$38,509,754.461.19%
2015$38,317,309.55-0.50%
2016$38,854,686.251.40%
2017$39,844,881.432.55%
2018$41,017,443.862.94%
2019$41,878,627.492.10%
2020$42,138,295.910.62%
2021$44,259,362.015.03%
2022$48,165,406.098.83%
2023$50,702,917.105.27%
2024$52,354,476.393.26%*

* 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 * $7,000,000 = $52,354,476.39

Therefore, according to U.S. Bureau of Labor Statistics, $7,000,000 in 1972 has the same "purchasing power" as $52,354,476.39 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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