Typically when we think of inflation, we look at the Consumer Price Index (CPI), which measures prices affecting Consumers. Today we are going to look at the November Producer Price index. According to the U.S. Bureau of Labor Statistics (BLS), "the Producer Price Index (PPI) measures the average change over time in the prices domestic producers receive for their output. It is a measure of inflation at the wholesale level that is compiled from thousands of indexes measuring producer prices by industry and product category." The index is published monthly, but unlike the CPI, the PPI is subject to adjusting/correcting over the following four months after publication. The CPI is considered … [Read more...]