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Making Sense of the Ups and Downs of Prices (Page One Economics)

Have you ever heard someone say "Back in my day, a gallon of gas cost a quarter!" Comparing today's prices with prices "back in the day" can be misleading. Both inflation and deflation between then and now have to be taken into account. Read the August 2013 issue to learn more about the effects of inflation on prices.

Graphs compliments of FRED.

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Audience:   High School, Consumers, College
Language:   English
Subjects:   Personal Finance, AP, Economics
Resource Types:   Publications, Newsletter, Lessons
Concepts:   Time Value of Money, Monetary Policy, Federal Reserve System-functions, Interest, Inflation/Deflation