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Federal Reserve Bank

Federal Reserve Bank of St. Louis: Consumer Price Index for All Urban Consumers

For Students 9th - 10th
Students can investigate the consumer price index for all urban consumers. The resource includes an interactive graph and information about the index.
Website
US Department of Labor

Bureau of Labor Statistics: Consumer Price Index

For Students 9th - 10th
This resource provides comprehensive information with topic areas covering statistics, news releases, FAQs, official government publications and more information pertaining to the consumer price index.
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Khan Academy

Khan Academy: The Consumer Price Index (Cpi)

For Students 9th - 10th
Practice what you've learned about how to calculate the consumer price index and the rate of inflation, as well as the limitations of the CPI in this exercise.
Article
Practical Money Skills

Practical Money Skills: Consumer Price Index

For Students 9th - 10th
Consumer Price Index or cost-of-living index is a measure of the change in price that an average consumer pays for a pre-defined "market basket" of goods and services. It is one of the key measurements of inflation.
Unit Plan
Khan Academy

Khan Academy: How Changes in the Cost of Living Are Measured

For Students 9th - 10th
How is inflation measured? What is the consumer price index?.
Handout
US Department of Labor

Bureau of Labor Statistics: Producer Price Indexes

For Students 9th - 10th
This page presents general information on the Producer Price Index, detailed statistics, tables and official publications, and more.
Website
Federal Reserve Bank

Federal Reserve Bank of Minneapolis: Cpi Calculator Information

For Students 9th - 10th
Provides a consumer price index (CPI) calculator. Enter in a dollar and year and it will tell you how much it is worth today. Also includes good links to additional CPI information resources, and a link to a mobile app.
Handout
US Department of Labor

Bureau of Labor Statistics: Cpi Frequently Asked Questions

For Students 9th - 10th
These frequently asked questions about the Consumer Price Index provide a nice overview of general information on the CPI.
Handout
US Department of Labor

Bureau of Labor Statistics: u.s. Economy at a Glance

For Students 9th - 10th
The seven major economic indicators for the U.S. economy are listed here in an easy to read chart. The seven indicators are unemployment rate, change in hourly employment, average hourly earnings, consumer price index, producer price...
Activity
Depaul University

De Paul University: Problems With the Cpi: Limitations of Application

For Students 9th - 10th
This article discusses the types of bias which can occur when using the Consumer Price Inex. It examines how much product quality change is actually represented by the consumer price index, and discusses methods used to overcome some of...
Lesson Plan
Social Science Education Consortium

Performance of National Economy: How Do We Measure the Economy's Health? [Pdf]

For Teachers 9th - 10th
This investigation helps learners clarify economic performance measures. These include: percentage changes in the Gross Domestic Product or the Consumer Price Index, how the labor force is measured, the meaning of employment and...
Unit Plan
Federal Reserve Bank

Federal Reserve Bank of Atlanta: Classroom Economist: Inflation

For Teachers 9th - 10th
This learning module explains key concepts regarding inflation, including inflation targeting, the consumer price index, core inflation, and more.
Handout
Other

Reference for Business: Implicit Price Deflator

For Students 9th - 10th
A description of inflation, deflation, the consumer price index, and the implicit price deflator.
Lesson Plan
Khan Academy

Khan Academy: Lesson Summary: Price Indices and Inflation

For Students 9th - 10th
In this lesson summary review and remind yourself of the key terms and calculations used in measuring inflation. Topics include the consumer price index (CPI), calculating the rate of inflation, the distinction between inflation,...
eBook
Texas Education Agency

Texas Gateway: Chapter 8: How Changes in the Cost of Living Are Measured

For Students 9th - 10th
By the end of this section, you will be able to do the following: Use the Consumer Price Index (CPI) to calculate U.S. inflation rates; Identify several ways the Bureau of Labor Statistics avoids biases in the CPI; Differentiate among...
Lesson Plan
Council for Economic Education

Econ Ed Link: Was Babe Ruth Under Paid?

For Teachers 9th - 10th
This lesson demonstrates a method for teaching students about inflation and the Consumer Price Index, using baseball players' salaries for purposes of illustration. Babe Ruth's salary from 1931 is adjusted to account for changes in the...
Lesson Plan
Council for Economic Education

Econ Ed Link: Cpi the Crystal Ball

For Teachers 9th - 10th
Governments and other financial organizations are constantly measuring trends in the economy to try to predict what will happen next. The ability to successfully predict economic trends has a profound effect on whether or not a business...
Handout
US Department of Labor

Bureau of Labor Statistics: Cpi Faq: What Are Some Limitations of the Cpi?

For Students 9th - 10th
As part of a list of frequently asked questions, this one discusses limitations of the Consumer Price Index.
Activity
Depaul University

De Paul University: Measuring the Changing Value of Money

For Students 9th - 10th
A complete overview from DePaul University of the consumer price index and inflation. Gives an overview of the concept of inflation, how to compute the CPI, some problems with the CPI, and much more. Also provides some exercises for...
Lesson Plan
Council for Economic Education

Econ Ed Link: Avatar, King of the Box Office?

For Teachers 9th - 10th
On January 26, 2010, the film Avatar officially topped Titanic as the top-grossing film of all-time at the box office. However, the following day, Forbes.com published an article entitled Is Avatar Really King of the Box Office? The...
Article
Robert Schenk, PhD

Cyber Economics: Measuring the Economy Inflation

For Students 9th - 10th
This site from the St. Joseph's College provides an explanation of inflation, including a section on how to calculate a consumer price index.
eBook
Texas Education Agency

Texas Gateway: C 8: How the United States & Other Countries Experience Inflation

For Students 9th - 10th
By the end of this section, you will be able to do the following: Identify the difference between demand-pull inflation and cost-push inflation, Identify patterns of inflation for the United States using data from the Consumer Price...
Lesson Plan
Illustrative Mathematics

Illustrative Mathematics: F Le Rising Gas Prices Compounding and Inflation

For Teachers 9th - 10th
In this task, students explore exponential models in the context of a real-world problem. Students learn about price inflation for a single commodity and are introduced to the Consumer Price Index for measuring the inflation of a body of...
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Federal Reserve Bank

Federal Reserve Bank of Atlanta: Price Stability

For Students 9th - 10th
Highlights the goal of price stability and features price level measures and terminology.

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