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Focus on Economic Data: U.S. Consumer Price Index, October 16, 2008
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson focuses on the Consumer Price Index (CPI) and rate of inflation reported October 16, 2008, by the U.S. Bureau of Labor Statistics for the month of September, 2008. Students read the BLS report, read about the meaning of the CPI, determine the change in consumer prices, and explore how the change in the CPI impacts consumers and the economy.
Grades:
Concepts:
- Borrower
- Causes of Inflation
- Deflation
- Economic Security
- Fiscal Policy
- Inflation
- Interest
- Interest Rate
- Macroeconomic Indicators
- Monetary Policy
- Price
- Price Stability
- Real vs. Nominal
- Savers
- Tools of the Federal Reserve
Standards:
- Economics 8: Role of Price in Market System
- 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
Related Resources:
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