Don't just tell class members about how to measure inflation, have them experience it firsthand by asking them to work with real data and construct graphs!

Concepts

inflation, the consumer price index

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Additional Tags

inflation, cpi, consumer price index, gdp deflator, social studies

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Instructional Ideas

• Great activity to incorporate after discussing CPI, GDP, and inflation, particularly in an advanced economics class
• Consider working on the activity as a whole group by projecting the website

Pros

• Provides an opportunity to analyze data, calculate the inflation rate over years, and interpret graphs

Cons

• None

Common Core

RH.11-12.2 RH.11-12.7 RH.11-12.9