Grade 9-12
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Activity

Analyzing CPI Data

Time: 20 mins,
Updated: November 23 2021,
Author: Council for Economic Education
Teacher Version

Objective

Students will be able to:

  • Interpret data related to the Consumer Price Index.

Standards

National Standards in Economics

State Standards

Concepts

Inflation, Monetary Policy

In this economics activity, students examine and explain the role of the Consumer Price Index.

Resources

 

 

Procedure

This is an individual activity where students will read and interpret data from the St. Louis Fed Inflation Dashboard.CPI is a widely used tool to measure inflation and is often included in discussions on monetary policy. After reviewing the Inflation Data Dashboard students will complete either the Analyzing CPI Data worksheet or ReadyAssessments Activity.To complete this activity, students need to follow the directions below:

  1. Go to the Inflation Data Dashboard.
  2. Complete either the Analyzing CPI Data worksheet or ReadyAssessments Activity.
Subjects: