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Guide your classroom in predicting the 12-month change in CPI for a chance to win a $100 gift card!

Inflation has continued to rise, becoming a major concern for individuals, families, businesses, and policymakers throughout the country. To arm teachers with a way to involve their students in understanding inflation and the Consumer Price Index, we are continuing our classroom contest.

First time entering the contest?

We have our ECON: What is the Consumer Price Index (CPI) activity. This activity addresses several essential questions:

• What is inflation?
• How do we measure inflation? 
• What is the Consumer Price Index?
• How can I use the CPI to inform my discussions about the economy?

Are your students CPI prediction veterans?

We have a NEW guided discussion resource! This resource builds upon students’ previous knowledge about inflation and the CPI and guides them through analysis that will help them contribute to a group discussion. This group discussion can then be used to come up with the classroom’s prediction for this month’s CPI!

Contest details: 

• Have your class research the importance of inflation and the CPI using the resources provided above
• Have your class come up with ONE prediction for the CPI for the 12 month period ending March 2022, rounded to the nearest tenth of a percent (example: 5.1%).
• COMPLETE THIS FORM before 8:30am ET on April 12 to be eligible for the $100 Amazon gift card. 
• Be sure to include details about how you discussed the topic with your students and how they came up with their prediction.
• After the CPI is announced by BLS on April 12 at 8:30am EST, the winning classroom (up to 3 total) will be notified and will receive a $100 Amazon gift card to use at their discretion (and national bragging rights). 

Good luck!

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Interested in doing more with the intersection of economics and personal finance? Be sure to check out NGPF's Econ Collection and the Econ Directory for more opportunities to connect your students with the world of economics!

About the Authors

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

More posts by Ryan

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

More posts by Tim