The Consumer Price Index is used to calculate inflation, or the change in price of a basket of goods and services, as it impacts consumers; whereas, the Producer Price Index measures changes in selling prices, thereby expressing price changes from the perspective of the seller who produces a particular commodity.
A slide presentation updated with May 2015 data shows the Midwest inflation rate decreased in urban metros and increased in non-metro urban areas from April to May.
The Producer Price Index data shows that the price in the United States has increased from May 2014 to May 2015 for aircraft increased 1.0 percent. During that same time period, prices decreased for crude petroleum (42.1 percent), natural gas (48.8 percent), slaughter livestock (1.7 percent), sorghum (21.4 percent) and wheat (30.3 percent).
