Chart assignment

Charts to read and discuss

Read each chart, then answer its questions. Every chart shows its source and date; open it for a table of the numbers and the data to download.

  1. How much have US consumer prices risen since 1913?
  2. How big is the federal debt compared with the economy?

Chart 1 of 2 · Inflation

How much have US consumer prices risen since 1913?

The interactive chart needs JavaScript. The numbers are on the chart's page.

Consumer prices in September 2026 were 34 times their level in January 1913, when the Consumer Price Index begins: what cost $1 then cost about $34 in 2026. They were 2 times their level of January 2000. The index tracks what a typical basket of goods and services costs city households, with 100 as its 1982–84 average. Prices fell after 1920 and again in the early 1930s. October 2025 is missing because BLS collected no prices that month, during a lapse in federal funding.

Questions to discuss

  1. In one sentence of your own, what does this chart show?
  2. Find the biggest change or difference in the chart. What might explain it?
  3. Who collected these numbers, and how recent are they? What else would you want to know before drawing a conclusion?

Source: U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U, all items) (Public domain (U.S. government work)) · Data as of Sep 30, 2026

Open the chart and its numbers

Chart 2 of 2 · Federal budget

How big is the federal debt compared with the economy?

The interactive chart needs JavaScript. The numbers are on the chart's page.

At the end of fiscal 2026 the federal debt was 125% of a year's GDP, everything the U.S. economy produces in a year. It fell from 96% in 1948 to a low of 32% in 1981, passed 100% in 2013 and jumped to 126% in 2020. This is total debt, including what the government owes its own trust funds, divided by GDP over the same fiscal year; it starts in 1948 because BEA's quarterly GDP starts in 1947, and recent GDP figures are revised.

How to read this chart

Each point divides the federal government's total debt by GDP, everything the U.S. economy produces in a year. At 100%, the debt equals one year of the whole economy's output. Comparing debt with the economy's size, instead of in dollars, makes years decades apart fair to compare.

Questions to discuss

  1. When was the debt smallest compared with the economy, and when was it largest?
  2. The debt can grow in dollars while this percentage falls. How is that possible?
  3. Pick a big jump on the chart. What events could make the government borrow much more in a short time?

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