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Yes it is Felt, but not what kind of felt you may think it is.
on July 10, 2015
Felt describes a process of matting material, not what the material actually is.
It is NOT wool, or any animal hair. It is like paper. Like roofing paper, only not as thick (roofing paper is felt, too!). Its a child's toy costume hat, Not an adults quality hat.
I got this for my nephew who loves to wear my Indiana Jones fedoras (one is leather, the other is wool felt). He was so happy to have his own, he did his best to make it fit. He is a 7 year old with a 21" head and the hat would not fit. I'm sorry that I did not get a chance to measure the inside of this hat.