Dallas, Texas prices: $1,000 in 1978 $4,821.87 in 2024

Inflation in Texas

$

Prices in Dallas, 1978-2024 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 382.19% higher in 2024 versus 1978 (a $3,821.87 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, $1,000 in Dallas in the year 1978 would cost $4,821.87 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
Airline fares · Wireless telephone services · Seattle, Washington · Alcoholic beverages · More

Buying power of $1,000.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $1,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$1,000.007.82%
1979$1,124.2112.42%
1980$1,314.7116.95%
1981$1,469.0811.74%
1982$1,557.846.04%
1983$1,614.803.66%
1984$1,690.704.70%
1985$1,754.033.75%
1986$1,784.741.75%
1987$1,829.252.49%
1988$1,882.422.91%
1989$1,938.712.99%
1990$2,026.384.52%
1991$2,121.234.68%
1992$2,172.642.42%
1993$2,227.032.50%
1994$2,289.952.83%
1995$2,349.612.61%
1996$2,413.882.74%
1997$2,456.911.78%
1998$2,491.681.42%
1999$2,562.032.82%
2000$2,669.734.20%
2001$2,763.903.53%
2002$2,801.521.36%
2003$2,860.512.11%
2004$2,898.661.33%
2005$2,992.293.23%
2006$3,085.643.12%
2007$3,131.981.50%
2008$3,275.284.58%
2009$3,253.68-0.66%
2010$3,272.830.59%
2011$3,371.943.03%
2012$3,442.702.10%
2013$3,505.151.81%
2014$3,546.761.19%
2015$3,529.04-0.50%
2016$3,578.531.40%
2017$3,669.732.55%
2018$3,777.722.94%
2019$3,857.042.10%
2020$3,880.960.62%
2021$4,076.315.03%
2022$4,436.058.83%
2023$4,669.765.27%
2024$4,821.873.26%*

* 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 * $1,000 = $4,821.87

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1978 has the same "purchasing power" as $4,821.87 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.