Dallas, Texas prices: $0.71 in 1978 $3.42 in 2024

Inflation in Texas

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Prices in Dallas, 1978-2024 ($0.71)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 382.19% higher in 2024 versus 1978 (a $2.71 difference in value).

Between 1978 and 2024: Dallas experienced an average inflation rate of 3.48% per year. This rate of change indicates significant inflation. In other words, $0.71 in Dallas in the year 1978 would cost $3.42 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation in Dallas was higher.

In the year 1978: Pricing changed by 7.82%, which is significantly above the average yearly change in Dallas during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), 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
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Buying power of $0.71 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $0.71 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$0.717.82%
1979$0.8012.42%
1980$0.9316.95%
1981$1.0411.74%
1982$1.116.04%
1983$1.153.66%
1984$1.204.70%
1985$1.253.75%
1986$1.271.75%
1987$1.302.49%
1988$1.342.91%
1989$1.382.99%
1990$1.444.52%
1991$1.514.68%
1992$1.542.42%
1993$1.582.50%
1994$1.632.83%
1995$1.672.61%
1996$1.712.74%
1997$1.741.78%
1998$1.771.42%
1999$1.822.82%
2000$1.904.20%
2001$1.963.53%
2002$1.991.36%
2003$2.032.11%
2004$2.061.33%
2005$2.123.23%
2006$2.193.12%
2007$2.221.50%
2008$2.334.58%
2009$2.31-0.66%
2010$2.320.59%
2011$2.393.03%
2012$2.442.10%
2013$2.491.81%
2014$2.521.19%
2015$2.51-0.50%
2016$2.541.40%
2017$2.612.55%
2018$2.682.94%
2019$2.742.10%
2020$2.760.62%
2021$2.895.03%
2022$3.158.83%
2023$3.325.27%
2024$3.423.26%*

* 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 1978 * 1978 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 61.592 in the year 1978 and 296.987 in 2024:

296.987 / 61.592 * $0.71 = $3.42

Therefore, according to U.S. Bureau of Labor Statistics, $0.71 in 1978 has the same "purchasing power" as $3.42 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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