9/2/2023 0 Comments Inflation interactive games![]() Want to go in deeper and see the pricing trends on a particular product or service? By clicking on the product/service, you can also create bar charts that shows price changes over time. You might have students do some quick research to find explanations for growth in college tuition prices and declines in TV prices.ΔΆ. Questions: What might explain rates of inflation in a given product category? Some ideas: level of competition, rate of technological change, supply/demand dynamics, manufacturing cost improvements, customer preferences. College Tuition: 176% increase compared to 2000.Which do you think has seen faster price growth since the year 2000: College Tuition or Televisions? Provide the two categories/services and let the students guess which one has had the sharper price increase over a given period of time. Compare two products and see how their rate of price inflation has changed over time.The Official Data Foundation has an inflation calculator for over 100 product and service categories. Inflation is on consumers' minds with the recent annual Consumer Price Index (CPI) reading at 8.5%.
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