Dallas, Texas prices: $16 in 1970 $126.94 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($16)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $110.94 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.91% per year. This rate of change indicates significant inflation. In other words, $16 in Dallas in the year 1970 would cost $126.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation in Dallas was lower.

In the year 1970: Pricing changed by 6.22%, which is above the average yearly change in Dallas during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), 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
Frankfurters · Hospital services · Electricity · Rent of primary residence · More

Buying power of $16.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $16 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$16.006.22%
1971$16.493.07%
1972$16.972.92%
1973$17.855.18%
1974$19.629.92%
1975$21.449.24%
1976$22.746.10%
1977$24.427.36%
1978$26.337.82%
1979$29.6012.42%
1980$34.6116.95%
1981$38.6711.74%
1982$41.016.04%
1983$42.513.66%
1984$44.514.70%
1985$46.183.75%
1986$46.981.75%
1987$48.162.49%
1988$49.562.91%
1989$51.042.99%
1990$53.354.52%
1991$55.844.68%
1992$57.202.42%
1993$58.632.50%
1994$60.282.83%
1995$61.862.61%
1996$63.552.74%
1997$64.681.78%
1998$65.601.42%
1999$67.452.82%
2000$70.284.20%
2001$72.763.53%
2002$73.751.36%
2003$75.312.11%
2004$76.311.33%
2005$78.773.23%
2006$81.233.12%
2007$82.451.50%
2008$86.224.58%
2009$85.66-0.66%
2010$86.160.59%
2011$88.773.03%
2012$90.632.10%
2013$92.281.81%
2014$93.371.19%
2015$92.91-0.50%
2016$94.211.40%
2017$96.612.55%
2018$99.452.94%
2019$101.542.10%
2020$102.170.62%
2021$107.315.03%
2022$116.788.83%
2023$122.945.27%
2024$126.943.26%*

* 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 1970 * 1970 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 37.433 in the year 1970 and 296.987 in 2024:

296.987 / 37.433 * $16 = $126.94

Therefore, according to U.S. Bureau of Labor Statistics, $16 in 1970 has the same "purchasing power" as $126.94 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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