Introductory Economics Labs

Lab 12: Inflation

This lab uses BLS data to present trends and facts about inflation as measured by the CPI. In addition to explaining how a price is constructed, real world data on college tutition and a comparison of US and Mexican CPI are used to stimulate interest.

Click the links below to download and open the Word (doc) file and Excel (xls) workbook to begin.

CPI.doc

CPI.xls