Visualizing consumer price inflation
This essay describes how to customize the data units in a FRED graph to show the year-over-year growth rate in the consumer price index.
From the FRED Blog
The post “Egg price deflation and fresh chicken price disinflation” uses data from the U.S. Bureau of Labor Statistics to describe the difference between disinflation and deflation.
Use this classroom activity to teach about lifetime inflation
This teaching guide uses the edit units feature of FRED graphs to calculate the cumulative growth of the consumer price index during one’s lifetime. It includes suggestions for both in-class discussions and out-of-class assignments.