FRED in the Classroom: Measures of Inflation

This FRED in the Classroom: Measures of Inflation activity & project also includes:

Don't just tell class members about how to measure inflation, have them experience it firsthand by asking them to work with real data and construct graphs!

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CCSS: Adaptable
Instructional Ideas

  • Great activity to incorporate after discussing CPI, GDP, and inflation, particularly in an advanced economics class
  • Consider working on the activity as a whole group by projecting the website
Pros

  • Provides an opportunity to analyze data, calculate the inflation rate over years, and interpret graphs
Cons

  • None