The Federal Reserve of Cleveland released three short videos on June 21, explaining the basics of inflation through animated Lego figures.

The three videos use a Lego toy-town setting – complete with a Lego Fed – to describe how prices work and the Fed’s role in price stability.

The Cleveland Fed hosts a Center for Inflation Research, which produced the videos for its Inflation 101 page. The first video, What is Inflation?, introduces and defines the concept of inflation, with reference to the