Combining spatial carrier-frequency phase-shifting (SCPS) technique and Fourier transform method, from one-frame spatial carrier-frequency interferogram (SCFI), a novel phase retrieval method is proposed and applied to dynamic phase measurement. First, using the SCPS technique, four-frame phase-shifting sub-interferograms can be constructed from one-frame SCFI. Second, using Fourier transform method, the accurate phase-shifts of four sub-interferograms can be extracted rapidly, so there is no requirement of calibration for the carrier-frequency in advance compared to most existing SCPS methods. Third, the wrapped phase can be retrieved with the least-squares algorithm through using the above phase-shifts. Finally, the phase variations of a water droplet evaporation and a Jurkat cell apoptosis induced by a drug are presented with the proposed method. Both the simulation and experimental results demonstrate that in addition to maintaining high accuracy of the SCPS method, the proposed method reveals more rapid processing speed of phase retrieval, and this will greatly facilitate its application in dynamic phase measurement.