Dallas, Texas prices: $5.97 in 1973 $42.45 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($5.97)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 611.06% higher in 2024 versus 1973 (a $36.48 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, $5.97 in Dallas in the year 1973 would cost $42.45 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 $5.97 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $5.97 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$5.975.18%
1974$6.569.92%
1975$7.179.24%
1976$7.616.10%
1977$8.177.36%
1978$8.807.82%
1979$9.9012.42%
1980$11.5716.95%
1981$12.9311.74%
1982$13.716.04%
1983$14.223.66%
1984$14.884.70%
1985$15.443.75%
1986$15.711.75%
1987$16.102.49%
1988$16.572.91%
1989$17.072.99%
1990$17.844.52%
1991$18.674.68%
1992$19.132.42%
1993$19.612.50%
1994$20.162.83%
1995$20.692.61%
1996$21.252.74%
1997$21.631.78%
1998$21.941.42%
1999$22.562.82%
2000$23.504.20%
2001$24.333.53%
2002$24.661.36%
2003$25.182.11%
2004$25.521.33%
2005$26.343.23%
2006$27.173.12%
2007$27.571.50%
2008$28.834.58%
2009$28.64-0.66%
2010$28.810.59%
2011$29.693.03%
2012$30.312.10%
2013$30.861.81%
2014$31.221.19%
2015$31.07-0.50%
2016$31.501.40%
2017$32.312.55%
2018$33.262.94%
2019$33.962.10%
2020$34.170.62%
2021$35.895.03%
2022$39.058.83%
2023$41.115.27%
2024$42.453.26%*

* 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 * $5.97 = $42.45

Therefore, according to U.S. Bureau of Labor Statistics, $5.97 in 1973 has the same "purchasing power" as $42.45 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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