Focus on Real Wages
This Page One Economics essay discusses how price indexes can be used to transform nominal wages and interest rates into real wages and rates—that is, inflation-adjusted values. The essay includes multiple-choice questions suitable for both in-class and out-of-class assignments.
From the FRED Blog
The post “How inflation helps the stock market set records” uses data from the Nikkei Research Institute and the OECD to adjust the value of the headline Japanese stock market index for inflation and discuss its evolution over time.
Quiz Yourself on Inflation
Q1. What are the units of the global price of poultry data?
Q2. What are the units of the global price of food data?
Q3. Between early 2020 and late 2022, which global food prices increased the most?
Q1. Since 1982-1984, which price category has registered the highest inflation?
Q2. As of October 2022, which price category registered the highest inflation?
Q1. Between January 2020 and November 2022, when was year-over-year monthly consumer price inflation for used cars and trucks in the U.S. the highest?
Q2. As of November 2022, did the price of used cars and trucks increase or decrease relative to their price a year earlier?
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The post Teaching About Adjusting for Inflation | Bring FRED into the Classroom | January 2023 first appeared on St. Louis Fed Economic Research.
