The information on retail prices and wholesale prices provided in The Food Institute's Retail Wholesale Food Price Review, 2014 can be utilized in a plethora of ways and should be on the shelf (or in the database) of every player of the food industry, It can be used for projects ranging from new business planning to price forecasting models and it is all in one place in this publication. This publication, which covers ten years of price index data is divided into 2 sections:
The Producer Price Index (PPI), a family of indexes that measure the average change over time in the selling prices received by domestic producers of goods and services. PPI's measure price change from the perspective of the seller. Over 10,000 PPI's for individual products and groups of products are released each month. Producer Price Index data are widely used by the business community as well as government. Three major uses are:
As an economic indicator.
As a deflator of other economic series.
As the basis for contract escalation.
The Consumer Price Index (CPI), a measure of the average change over time in the prices paid by urban consumers for a fixed market basket of consumer goods and services from A to Z. The CPI provides a way for consumers to compare what the market basket of goods and services costs this month with what the same market basket cost a month or year ago. The Consumer Price Index affects nearly all Americans because of the many ways it is used. Three major uses are:
As an economic indicator;
As a deflator of other economic series;
As a means of adjusting dollar values.