Dallas, Texas prices: $2.83 in 1977 $14.71 in 2024

Inflation in Texas

$

Prices in Dallas, 1977-2024 ($2.83)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 419.89% higher in 2024 versus 1977 (a $11.88 difference in value).

Between 1977 and 2024: Dallas experienced an average inflation rate of 3.57% per year. This rate of change indicates significant inflation. In other words, $2.83 in Dallas in the year 1977 would cost $14.71 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation in Dallas was higher.

In the year 1977: Pricing changed by 7.36%, which is significantly above the average yearly change in Dallas during the 1977-2024 time period. Compared to inflation for all items in 1977 (6.50%), inflation in Dallas was higher.

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
Chicago, Illinois · Bananas · Financial services · Public transportation · More

Buying power of $2.83 since 1977

Below are calculations of equivalent buying power in Dallas, over time, for $2.83 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$2.837.36%
1978$3.057.82%
1979$3.4312.42%
1980$4.0116.95%
1981$4.4811.74%
1982$4.756.04%
1983$4.933.66%
1984$5.164.70%
1985$5.353.75%
1986$5.451.75%
1987$5.582.49%
1988$5.742.91%
1989$5.922.99%
1990$6.184.52%
1991$6.474.68%
1992$6.632.42%
1993$6.802.50%
1994$6.992.83%
1995$7.172.61%
1996$7.372.74%
1997$7.501.78%
1998$7.601.42%
1999$7.822.82%
2000$8.154.20%
2001$8.433.53%
2002$8.551.36%
2003$8.732.11%
2004$8.841.33%
2005$9.133.23%
2006$9.423.12%
2007$9.561.50%
2008$9.994.58%
2009$9.93-0.66%
2010$9.990.59%
2011$10.293.03%
2012$10.502.10%
2013$10.701.81%
2014$10.821.19%
2015$10.77-0.50%
2016$10.921.40%
2017$11.202.55%
2018$11.532.94%
2019$11.772.10%
2020$11.840.62%
2021$12.445.03%
2022$13.548.83%
2023$14.255.27%
2024$14.713.26%*

* 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 1977 * 1977 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 57.125 in the year 1977 and 296.987 in 2024:

296.987 / 57.125 * $2.83 = $14.71

Therefore, according to U.S. Bureau of Labor Statistics, $2.83 in 1977 has the same "purchasing power" as $14.71 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.

» Read more about inflation and investment.