Inflation bingo

Exercise and reference answers

Clues and terms

1. Clue

   General, ongoing rise in prices.

   Item

   Inflation

2. Clue

   Money buys more over time.

   Item

   Deflation

3. Clue

   Zimbabwe 2008, Germany 1920s.

   Item

   Hyperinflation

4. Clue

   Goods typically bought.

   Item

   Basket

5. Clue

   Index set to 100.

   Item

   Base year

6. Clue

   Most cited US inflation measure.

   Item

   CPI

7. Clue

   Drops food and energy.

   Item

   Core inflation

8. Clue

   Bias from switching goods.

   Item

   Substitution

9. Clue

   Wages that rise with prices.

   Item

   COLA

Instructions

Read each clue and tap the term it describes.

Explanation