Students may have heard their grandparents telling them that they remember when a gallon of gas cost a quarter, or a loaf of bread cost a dime. But those numbers by themselves don’t tell us how expensive things used to be compared to now. Inflation plays a role in how far our dollar goes today compared to the “good old days”.

Inflation continues to be in the news and students see the price of goods and services rising. Why do we care about inflation? How is it measured? Use these materials to help your students understand the facts about our rising price levels.