The Bureau of Economic Analysis (BEA) uses the formula to track economic trends ... is a more comprehensive inflation measure than the CPI, which measures the price changes in a fixed basket ...

Both PPI and CPI are important economic measures because they point to monthly changes in prices. But they reflect prices from different standpoints. As noted above, the PPI measures prices based ...

The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.