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.

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...

Students will describe the purpose of a price index, and how it is calculated. Then students will describe the weaknesses of the CPI, and interpret CPI data as a measure of economic health. Finally, students will identify who is harmed...

Explore the inflation rate from 2013 through this informative case study. Trace the consumer trends through the graphs and charts on the site.

This is a list of key terms and definitions covering Chapter 8: Inflation.