Oil Prices

The cost of oil is important because of the large amount that is used in American industries and purchased by consumers every day. The price-per-barrel of the West Texas Intermediate oil firm can be used to predict future costs of business; industries heavily reliant on oil and gas consumption like construction and transportation would be more economically affected than industries …

Producers Price Index

The Producer Price Index (PPI) looks at the average change in selling prices from the viewpoint of domestic producers of both goods and services. Three areas of production are observed: industry-based, commodity-based and commodity-based final demand-intermediate demand. Investors look to the producer price index, which is a more relevant way of gauging inflation than CPI because of the large basket …