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 2013 data shows the Midwest inflation rate increased from May to June for urban metros, but decreased for non-metro urban areas. The Producer Price Index data shows that prices in the United States have increased from June 2012 to June 2013 for aircraft, crude petroleum, natural gas, slaughter livestock, sorghum and wheat.
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