Focus on Economic Data: Consumer Price Index and Inflation, May 13, 2011
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson focuses on the Consumer Price Index (CPI) and rate of inflation reported May 13, 2011, by the U.S. Bureau of Labor Statistics (BLS) for the month of April, 2011. Students read data from 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.
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