Inflation - Economic Lowdown 

Imagine it’s 1964. A hamburger is 15 cents, a new Mustang is $2,320, and gas to fill the tank is 27 cents a gallon. Prices have risen quite a lot since then. Scott Wolla of the St. Louis Fed explains what inflation is, what causes it, how it is measured, and the Federal Reserve’s goal for the inflation rate.
Part of the Economic Lowdown Video Series. Instructors, learn more at: www.stlouisfed...