Material Detail

CPI Market Basket

In this lesson, students will explore a market basket of goods and services and determine what is in each category in the market basket. Students learn that the consumer price index (CPI) is made up of market basket goods and services for which the prices are compared each month to determine if the price of any of the items has changed and if there has been inflation. Students will engage in role-play scenarios to understand the effects of inflation.

Keywords:: Inflation, Deflation, Consumers, Personal Finance

Disciplines:

Business / Economics

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Material Type:: Assignment
Date Added to MERLOT:: February 11, 2020
Date Modified in MERLOT:: February 11, 2020
Author:: Eva Johnston, Federal Reserve Bank of St. Louis
Submitter:: Adrienne Brennecke
Primary Audience:: Pre-K
Technical Format:: PDF

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Accessibility Information Available:: Yes
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International