Dallas, Texas prices: $3.18 in 1973 $22.61 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($3.18)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 611.06% higher in 2024 versus 1973 (a $19.43 difference in value).

Between 1973 and 2024: Dallas experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, $3.18 in Dallas in the year 1973 would cost $22.61 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.89% during this same period, inflation in Dallas was higher.

In the year 1973: Pricing changed by 5.18%, which is above the average yearly change in Dallas during the 1973-2024 time period. Compared to inflation for all items in 1973 (6.18%), 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 $3.18 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $3.18 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$3.185.18%
1974$3.509.92%
1975$3.829.24%
1976$4.056.10%
1977$4.357.36%
1978$4.697.82%
1979$5.2712.42%
1980$6.1716.95%
1981$6.8911.74%
1982$7.316.04%
1983$7.573.66%
1984$7.934.70%
1985$8.233.75%
1986$8.371.75%
1987$8.582.49%
1988$8.832.91%
1989$9.092.99%
1990$9.504.52%
1991$9.954.68%
1992$10.192.42%
1993$10.442.50%
1994$10.742.83%
1995$11.022.61%
1996$11.322.74%
1997$11.521.78%
1998$11.681.42%
1999$12.012.82%
2000$12.524.20%
2001$12.963.53%
2002$13.141.36%
2003$13.412.11%
2004$13.591.33%
2005$14.033.23%
2006$14.473.12%
2007$14.691.50%
2008$15.364.58%
2009$15.26-0.66%
2010$15.350.59%
2011$15.813.03%
2012$16.142.10%
2013$16.441.81%
2014$16.631.19%
2015$16.55-0.50%
2016$16.781.40%
2017$17.212.55%
2018$17.722.94%
2019$18.092.10%
2020$18.200.62%
2021$19.125.03%
2022$20.808.83%
2023$21.905.27%
2024$22.613.26%*

* 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 1973 * 1973 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 41.767 in the year 1973 and 296.987 in 2024:

296.987 / 41.767 * $3.18 = $22.61

Therefore, according to U.S. Bureau of Labor Statistics, $3.18 in 1973 has the same "purchasing power" as $22.61 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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