Houston, Texas prices: $1 in 1971 $6.85 in 2022

Inflation in Texas

$

Prices in Houston, 1971-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices in Houston, Texas are 585.26% higher in 2022 versus 1971 (a $5.85 difference in value).

Between 1971 and 2022: Houston experienced an average inflation rate of 3.85% per year. This rate of change indicates significant inflation. In other words, $1 in Houston in the year 1971 would cost $6.85 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation in Houston was lower.

In the year 1971: Pricing changed by 3.72%, which is below the average yearly change in Houston during the 1971-2022 time period. Compared to inflation for all items in 1971 (4.30%), inflation in Houston was lower.

Price Inflation in Houston, Texas since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.91%), 1918 (21.04%), and 1947 (17.55%).

View price changes for other categories
Gasoline (all types) · Bread · Hospital services · Houston, Texas · More

Buying power of $1.00 since 1971

Below are calculations of equivalent buying power in Houston, over time, for $1 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$1.003.72%
1972$1.033.46%
1973$1.095.27%
1974$1.2111.17%
1975$1.3612.18%
1976$1.467.58%
1977$1.577.23%
1978$1.719.44%
1979$1.9413.28%
1980$2.1912.75%
1981$2.4110.00%
1982$2.587.18%
1983$2.662.85%
1984$2.722.61%
1985$2.792.24%
1986$2.76-0.80%
1987$2.832.24%
1988$2.912.89%
1989$3.034.14%
1990$3.205.55%
1991$3.323.93%
1992$3.433.22%
1993$3.543.22%
1994$3.663.50%
1995$3.711.38%
1996$3.792.08%
1997$3.861.89%
1998$3.901.00%
1999$3.951.24%
2000$4.093.62%
2001$4.223.10%
2002$4.230.26%
2003$4.352.75%
2004$4.503.50%
2005$4.663.61%
2006$4.802.97%
2007$4.881.66%
2008$5.053.51%
2009$5.060.16%
2010$5.161.96%
2011$5.323.21%
2012$5.431.94%
2013$5.511.54%
2014$5.672.89%
2015$5.66-0.09%
2016$5.751.49%
2017$5.862.03%
2018$6.012.40%
2019$6.081.24%
2020$6.090.10%
2021$6.344.18%
2022$6.858.08%*

* 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 Houston, Texas:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI9.5009.5009.61711.09213.42516.36719.13317.45015.90815.89215.84216.08316.16715.83315.63315.61715.50814.14212.70811.68312.22512.69212.83313.31713.30813.19213.22513.80015.24216.05016.20016.54217.85020.98322.73322.66723.35025.21725.52525.79225.83325.60025.99226.85027.31727.50827.82527.92528.48328.72529.16729.51730.30031.10032.35034.45036.27537.62538.92540.97545.55051.10054.97558.95064.51773.08382.40090.64297.15099.917102.525104.825103.983106.308109.383113.917120.242124.967128.992133.150137.808139.708142.608145.300146.758148.583153.958158.725159.142163.525169.242175.350180.550183.545189.983190.287194.025200.246204.130207.269213.268213.065216.242220.642225.943228.751228.979238.545257.829

Adjust Houston prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1971 * 1971 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Houston, Texas was 37.625 in the year 1971 and 257.829 in 2022:

257.829 / 37.625 * $1 = $6.85

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1971 has the same "purchasing power" as $6.85 in 2022 (in the CPI category of Houston, Texas).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Houston, Texas in 1914. In addition to Houston, 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.