The producer price index (PPI), published by the Bureau of Labor Statistics (BLS), is a group of indexes that calculates and represents the average movement in selling prices from domestic production over time. It is a measure of inflation based on input costs to producers.
The producer price index, a measure of wholesale prices for goods and services, increased 0.2% in December, below the 0.4% estimate. For all of 2021, the 9.7% gain was the biggest on record in data going back to 2010.
There are two inflationary measures in our economy, the Consumer Price Index (CPI) and the Producer Price Index (PPI). CPI is a measure of the total value of goods and services consumers have bought over a specified period, while PPI is a measure of inflation from the perspective of producers.
|111.00||110.80||1970 - 2022|
In 2020, the annual change of the PPI amounted to -2.8 percent. The PPI for commodities stood at 194.3 in 2020. The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output.
The annual percentage change in the PPI for electricity and water was 8,9% in May 2021 (compared with 5,9% in April 2021). The index increased by 1,6% month-on-month. Electricity contributed 8,2 percentage points to the annual rate, and water contributed 0,8 of a percentage point (Figure 3.2).
South Africa: Price
|Consumer Price Index (CPI)||Jan 2022||100.2|
|Wholesale Price Index||2016||141.94|
Energy goods and services, a category of which gasoline is a major component, accounts for roughly 7.5% of the overall CPI. Prices for fuels used for home heating and cooking also are sharply higher than a year ago: Fuel oil is up 41%, propane, kerosene and firewood are up 33.8%, and piped natural gas is up 24.1%.
The Consumer Price Index (CPI) for food is a component of the all-items CPI. The CPI measures the average change over time in the prices paid by urban consumers for a representative market basket of consumer goods and services.
Gasoline prices are so much more volatile than other CPI components that, even though gasoline makes up less than 6 percent of the CPI, it is often the main source of monthly price movements in the all items index.
From December 2020 to December 2021, consumer prices for all items rose 7.0 percent, the largest December to December percent change since 1981.
A: Rest assured the Consumer Price Index (CPI) does include food and fuel. Without those two items, the CPI would grow much more slowly than it already does and so would your annual-cost-of-living adjustment (COLA).
Not included in the CPI are the spending patterns of people living in rural nonmetropolitan areas, those in farm households, people in the Armed Forces, and those in institutions, such as prisons and mental hospitals.
The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 4.7 percent in 2021. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases.
The 2021–2022 inflation surge is the higher-than-average economic inflation throughout much of the world that began in early 2021. It has been attributed to the 2021 global supply chain crisis caused by the COVID-19 pandemic, as well as poor fiscal policies by many countries and unexpected demands for certain goods.
Average annual CPI is forecast to rise 5.1% in 2022 after increasing at a 4.7% pace last year, according to a Bloomberg survey of economists.
China inflation rate for 2020 was 2.42%, a 0.48% decline from 2019. China inflation rate for 2019 was 2.90%, a 0.82% increase from 2018. China inflation rate for 2018 was 2.07%, a 0.48% increase from 2017. China inflation rate for 2017 was 1.59%, a 0.41% decline from 2016.