Focus on Economic Data: Consumer Price Index and Inflation, November 18, 2009
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson focuses on the Consumer Price Index (CPI) and rate of inflation reported November 18, 2009, by the U.S. Bureau of Labor Statistics (BLS) for the month of October, 2009. Students read the BLS report, analyze the meaning of the CPI data, determine the change in consumer prices, and explore the impact of the change in the price level on themselves, their families, consumers, and producers. This lesson includes a look at consumer prices in major U.S. metropolitan areas and how the prices of the expenditure groups are determined.
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