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Focus on Economic Data: The Inflation Rate - July 15, 2004
Source: Council for Economic Education (EconEdLink) | Type: Lesson
The Consumer Price Index (CPI) increased by .5 percent in July. The annual rate of inflation for the last three months has been 1.9 percent and over the last 12 months was 3.2 percent.
Grades:
Concepts:
- Consumer Economics
- Consumer Price Index (CPI)
- Consumers
- Deflation
- Full Employment
- Inflation
- Monetary Policy
- Money
- Unemployment Rate
Standards:
- Economics 10: Role of Economic Institutions
- Economics 11: Role of Money
- Economics 12: Role of Interest Rates
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 19: Unemployment and Inflation
- Economics 20: Monetary and Fiscal Policy
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