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Grade 6-8, 9-12
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Video

Inflation 101

Time: 20 mins,
Updated: March 23 2022,
Author: clevelandfed.org

Objective

Students will be able to:

  • Understand what inflation is, why you should care about it, and how the Federal Reserve is involved.
  • Find answers to related questions that will give you a deeper understanding of inflation, its effects on people and the economy, and the Fed’s role in keeping it under control.

Standards

Concepts

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In this lesson, you will learn about what inflation is, why you should care about it, and how the Federal Reserve is involved.

Description

This site is meant to give you a general understanding of basic inflation concepts. The Get Started section explains basic inflation concepts in a nontechnical way and will give you a good understanding of what inflation is, why it’s important to pay attention to it, and how the Federal Reserve is involved. In the Get Technical section you will find more detailed explanations on the same topics and answers to related questions that will give you a deeper understanding of inflation, its effects on people and the economy, and the Fed’s role in keeping it under control.