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.
The Center for Economic Development and Business Research is releasing a slide presentation showing the annual inflation rate for the Midwest Region of the United States over time, as well as five-year graphs depicting the change in the Producer Price Index for aircraft, crude petroleum, natural gas, slaughter livestock, sorghum and wheat.
Access this slide presentation.