Producer and Consumer Price Index

CDRPC has updated the Producer Price Index (PPI) and Consumer Price Index (CPI) with the most current and available data. Both PPI and CPI provide key insights on the economy. From January 2023 to January 2024, PPI has remained relatively flat, with more of decline in recent months. CPI’s aggregate index has slowly increased, with an average value of 304.9.

PRODUCER PRICE INDEX

Producer Price Index (PPI) had been increasing since April 2020 and peaked at 280.25 in June 2022. Since then, values have been steadily decreasing until June 2023. Between June 2023 and September 2023 PPI increased from 253.84 to 258.93 (+2.0%). After September 2023 PPI began decreasing again until reaching a value of 250.70 in January 2024. From December 2023 to January 2024 PPI increased from 249.77 to 250.70 (+0.37%). December 2023’s PPI value of 249.77 is the lowest value seen since January 2022.

CONSUMER PRICE INDEX

Consumer Price Index (CPI) measures the average change in price over time of a market basket of consumer goods and services. The market basket includes everything from food items to automobiles to rent. The CPI is the most significant indicator of inflation. From November 2022 to January 2024 most categories remained stable. These categories are transportation, recreation, education and communication, apparel and upkeep, and medical care. Whereas categories like food and beverages, housing, and other goods and services have increased slightly. The all items category has increased from 518.7 to 551.1 from November 2022 to January 2024, reflecting an approximate increase of 6.25%.

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