The Consumer Price Index
Completion requirements
- 1g Use economic indicators to predict where a business is heading in the business cycle (CLO 1)
Use the CPI Inflation Calculator to perform two calculations. First, compute how much a pair of jeans cost the year you were born, assuming they cost $80 today. Then, calculate what a car cost the year you were born if it sells for $23,000 today. Feel free to explore the inflation rate by performing additional calculations with this calculator.
To see the calculator, visit this link: https://www.bls.gov/data/inflation_calculator.htm.