The “Graphing inflation” activity helps students to learn more about inflation and price changes. Using Consumer Price Index (CPI) data from BLS.gov, students will locate and chart percent changes for various items to measure and learn more about inflation.
Approximately 45 minutes
Students will need:
Using a printed version of the “Graphing inflation” activity document, have the students read about the Consumer Price Index (https://www.bls.gov/cpi/questions-and-answers.htm). Encourage them to review the CPI database on BLS.gov (https://www.bls.gov/cpi/data.htm).
Next, have the students identify each element in the graph. The last part of the activity is to graph prices for certain items. Ask the students to pick the items they want to plot, following the instructions listed on the document.
At the conclusion of the activity, students should be able to
You can learn more about the Consumer Price Index (CPI) at (https://www.bls.gov/cpi/).
If you have any questions about this K-12 activity, or would like to provide feedback, please contact the BLS Division of Information and Marketing Services at 202-691-5200, or email us at firstname.lastname@example.org.
Last Modified Date: June 22, 2018