Dallas, Texas prices: $7.42 in 1974 $48 in 2024

Inflation in Texas

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Prices in Dallas, 1974-2024 ($7.42)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 546.91% higher in 2024 versus 1974 (a $40.58 difference in value).

Between 1974 and 2024: Dallas experienced an average inflation rate of 3.80% per year. This rate of change indicates significant inflation. In other words, $7.42 in Dallas in the year 1974 would cost $48 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation in Dallas was higher.

In the year 1974: Pricing changed by 9.92%, which is significantly above the average yearly change in Dallas during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), 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
New cars · College tuition and fees · Dental services · Bananas · More

Buying power of $7.42 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $7.42 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$7.429.92%
1975$8.119.24%
1976$8.606.10%
1977$9.237.36%
1978$9.957.82%
1979$11.1912.42%
1980$13.0916.95%
1981$14.6211.74%
1982$15.516.04%
1983$16.083.66%
1984$16.834.70%
1985$17.463.75%
1986$17.771.75%
1987$18.212.49%
1988$18.742.91%
1989$19.302.99%
1990$20.174.52%
1991$21.124.68%
1992$21.632.42%
1993$22.172.50%
1994$22.802.83%
1995$23.392.61%
1996$24.032.74%
1997$24.461.78%
1998$24.801.42%
1999$25.502.82%
2000$26.584.20%
2001$27.513.53%
2002$27.891.36%
2003$28.482.11%
2004$28.861.33%
2005$29.793.23%
2006$30.723.12%
2007$31.181.50%
2008$32.604.58%
2009$32.39-0.66%
2010$32.580.59%
2011$33.573.03%
2012$34.272.10%
2013$34.891.81%
2014$35.311.19%
2015$35.13-0.50%
2016$35.621.40%
2017$36.532.55%
2018$37.612.94%
2019$38.402.10%
2020$38.630.62%
2021$40.585.03%
2022$44.168.83%
2023$46.495.27%
2024$48.003.26%*

* 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 1974 * 1974 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 45.908 in the year 1974 and 296.987 in 2024:

296.987 / 45.908 * $7.42 = $48

Therefore, according to U.S. Bureau of Labor Statistics, $7.42 in 1974 has the same "purchasing power" as $48 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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