Description: Students will compare the price of goods from one time period to another and through discussion and role play interpret the effects of inflation on consumers. They will categorize goods and services according to the eight major groups of the consumer price index and be able to determine the difference between the Consumer Price Index (CPI) and the core CPI.

Click HERE to access the main lesson page from the St. Louis Fed

Click HERE to download the instructor procedure (PDF)

Click HERE to download the lesson PowerPoint slides