Analyzing Inflation Data

Activity Description

In this data analysis activity, students will analyze a line graph displaying the price increases of ten products from 1997 to 2022, driven by inflationary forces. This engaging visual representation will provide them with a historical perspective on how inflation impacts consumer prices over time.

Students will be asked a series of review questions to understand why the budget should be adjusted every year to take inflation into account. This will be followed by a research question to write down five products whose prices changed from last year to this year due to inflation.

Learning Objective

The objective of this activity is for students to understand that the price of commodities are raising year by year due to inflation and their budget should be adjusted to accommodate it.

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