Consumer Price Index

Cost of Living Less in WichitaThe Council for Community and Economic Research released the third quarter Cost of Living Index for 265 urban areas. Wichita’s overall Index value was nearly 6 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 23 percent below the national average.

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InflationThe 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 September 2015 data shows the Midwest inflation rate increased from August to September in urban metros and in non-metro areas.

The Producer Price Index data shows that prices in the United States have increased from September 2014 to September 2015 for aircraft (0.7 percent) and sorghum (13.6 percent). During that same time period, the index decreased for crude petroleum (54.3 percent), natural gas (36.5 percent), slaughter livestock (16.9 percent), and wheat (23.4 percent).

 

 

Access this slide presentation.

Learn more about the CPI.

Learn more about the PPI.

 

InflationThe 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.

Learn more about the CPI.

Learn more about the PPI.

 

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 August 2015 data shows the Midwest inflation rate increased from July to August in urban metros and decreased in non-metro areas.

The Producer Price Index data shows that prices in the United States have increased from August 2014 to August 2015 for aircraft (0.6 percent) and sorghum (11.1 percent). During that same time period, the index decreased for crude petroleum (57.4 percent), natural gas (28.6 percent), slaughter livestock (8.2 percent), and wheat (17.1 percent).

Access this slide presentation.

Learn more about the CPI.

Learn more about the PPI.