Description: Imagine it’s 1964. A hamburger is 15 cents, a new Mustang is $2,320, and gas to fill the tank is 27 cents a gallon. Prices have risen quite a lot since then. In the ninth episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains what inflation is, what causes it, how it is measured, and the Federal Reserve’s goal for the inflation rate.

Estimated Completion Time: 15 minutes