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 June 2015 data shows the Midwest inflation rate increased in urban metros and non-metro urban areas from May to June.
The Producer Price Index data shows that the price in the United States has remained unchanged from June 2014 to June 2015 for aircraft. The Index decreased in that same period by 1.4 percent for crude petroleum and 0.9 percent for slaughter livestock.The prices increased for natural gas (12.9 percent), sorghum (4.2 percent) and wheat (10.3 percent).
