Price / Cost Articles
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 January 2016 data shows the Midwest inflation rate increased from December to January in urban metros, and decreased in non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from January 2015 to January 2016 for aircraft (0.1 percent). During that same time period, the index decreased for sorghum (-23.0 percent), crude petroleum (-37.5 percent), natural gas (-31.0 percent), slaughter livestock (-16.9 percent), and wheat (-20.7 percent).
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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 December 2015 data shows the Midwest inflation rate decreased from November to December in urban metros and in non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from December 2014 to December 2015 for aircraft (0.6 percent). During that same time period, the index decreased for sorghum (26.1 percent), crude petroleum (43.6 percent), natural gas (49.1 percent), slaughter livestock (25.7 percent), and wheat (25.5 percent).
The Council for Community and Economic Research released its annual Cost of Living Index for 273 urban areas. Wichita’s overall Index value was nearly 6.9 percent below the national average of 100. The most expensive urban area in which to live was New York (Manhattan), N.Y., with an Index value more than twice that of the national average. The least expensive urban area was McAllen, Texas, which was nearly 22 percent below the national average.
To subscribe to the Cost of Living Index report, or to learn more about The Council for Community and Economic Research, visit their website.
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 November 2015 data shows the Midwest inflation rate increased from October to November in urban metros and in non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from November 2014 to November 2015 for aircraft (0.6 percent). During that same time period, the index decreased for sorghum (18.9 percent), crude petroleum (46.7 percent), natural gas (42.1 percent), slaughter livestock (27.4 percent), and wheat (23.7 percent).
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 October 2015 data shows the Midwest inflation rate increased from September to October in urban metros and in non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from October 2014 to October 2015 for aircraft (0.7 percent) and sorghum (6.5 percent). During that same time period, the index decreased for crude petroleum (43.2 percent), natural gas (36.9 percent), slaughter livestock (19.3 percent), and wheat (18.6 percent).
Access this slide presentation.