LESSON 12 – MANSA MUSA: INFLATION THEN AND NOW
Inflation
• A rise in the general price level
of all the goods and services
produced in an economy.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 12 – MANSA MUSA: INFLATION THEN AND NOW
Middle School
Consumer Price Index
Item
Bag of potato chips
(1.875 oz.)
Chocolate candy bar
(1.55 oz.)
Bottle of cola (20 oz.)
1 movie ticket
Package of gum (15 sticks)
Hamburger, fries, and
small drink
Small (10-inch) pizza
2005
Price
$ .88
2010
Price
$ .93
$ .79
$ .86
$1.46
$8.04
$1.22
$2.68
$1.64
$8.80
$1.28
$3.01
$4.46
$4.64
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 12 – MANSA MUSA: INFLATION THEN AND NOW
Purchasing Power
• The amount of goods and
services that a fixed dollar
amount of income can buy.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY