Will PPI Become The Standard Market Measure Of Inflation?

Could the primary market measure of inflation switch from the Consumer Price Index (CPI) to the Producer Price Index (PPI)?  According to recent research from Citi, the answer is a resounding “yes.” Revised “producer” statistics includes consumer data The Bureau of Labor Statistics (BLS) will post a revamped PPI next week, the research note observed. This revised measure of “producer” inflation will capture a much broader sampling of prices received by US businesses by encapsulating prices associated with items produced for government and exports – as well as for consumers and capital spending.  It’s the last part of that sentence…