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for each of the following items, match the item to the cpi category. Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

What is a consumer price index?

Students learn that the consumer price index is made up of market basket goods and services for which the prices are compared each month to determine if the price of any of the items has changed and if there has been inflation. Students will engage in role-play scenarios to understand the effects of inflation. Why do we care about inflation?

What is a CPI market basket?

(Answers will vary.) NOTE: The prices used for this lesson are drawn from prices available January 2018 in St. Louis and do not reflect the exact prices from the BLS, and previous prices are from January 2016. Numbers have been rounded for simplicity. The CPI market basket represents the consumer goods and services purchased by urban households.

What does CPI stand for?

(CPI) Explain that CPI is an acronym for consumer price index. Instruct the students to find consumer price index in the word cloud on their handout, and then discuss the following: • What does it mean to be a consumer? (It means you are a person who buys goods and services to satisfy wants.)

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