The Consumer Price Index and You - Teacher's Kit

This teacher's kit helps students understand how the Consumer Price Index (CPI) reflects price changes for the goods and services they buy.

The Custom Inflation Simulator is a Web-based resource that demonstrates how the many consumer goods and services in the 'basket' are used to calculate the CPI, and how consumption patterns differ from person to person. Using the simulator, students can also see the effect of individual price increases on overall inflation, in other words how each item in the basket is 'weighted' to reflect its importance in Canadians' consumption patterns.