Dallas, Texas prices: $705 in 1972 $5,272.84 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($705)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $4,567.84 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, $705 in Dallas in the year 1972 would cost $5,272.84 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 $705.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $705 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$705.002.92%
1973$741.545.18%
1974$815.089.92%
1975$890.399.24%
1976$944.696.10%
1977$1,014.227.36%
1978$1,093.537.82%
1979$1,229.3512.42%
1980$1,437.6716.95%
1981$1,606.4811.74%
1982$1,703.546.04%
1983$1,765.833.66%
1984$1,848.834.70%
1985$1,918.073.75%
1986$1,951.661.75%
1987$2,000.342.49%
1988$2,058.482.91%
1989$2,120.032.99%
1990$2,215.904.52%
1991$2,319.624.68%
1992$2,375.842.42%
1993$2,435.322.50%
1994$2,504.122.83%
1995$2,569.372.61%
1996$2,639.642.74%
1997$2,686.691.78%
1998$2,724.721.42%
1999$2,801.652.82%
2000$2,919.424.20%
2001$3,022.403.53%
2002$3,063.531.36%
2003$3,128.042.11%
2004$3,169.761.33%
2005$3,272.153.23%
2006$3,374.243.12%
2007$3,424.901.50%
2008$3,581.604.58%
2009$3,557.98-0.66%
2010$3,578.920.59%
2011$3,687.313.03%
2012$3,764.682.10%
2013$3,832.971.81%
2014$3,878.481.19%
2015$3,859.10-0.50%
2016$3,913.221.40%
2017$4,012.952.55%
2018$4,131.042.94%
2019$4,217.782.10%
2020$4,243.930.62%
2021$4,457.555.03%
2022$4,850.948.83%
2023$5,106.515.27%
2024$5,272.843.26%*

* 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 * $705 = $5,272.84

Therefore, according to U.S. Bureau of Labor Statistics, $705 in 1972 has the same "purchasing power" as $5,272.84 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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