# The Effects of Oil Prices on Inflation

# Overview

• Inflation is tracked with two metrics primarily: consumer price index (CPI) and producer price index (PPI).
  • Each series is indexed for the year 1982.
  • CPI roughly tracks the cost of a hypothetical basket of goods at the consumer level whereas PPI tracks the same basket of goods at the producer level.
• Fluctuations in oil prices have a far greater correlation to PPI than to CPI.
  • The transportation costs of goods to their final sales markets are included in producer price index rather than consumer price index, explain this relationship.

# Graphics

# Grouped by Metric

# Grouped by Index

# Syntax Features

• Hide pointer-position for series with similar values.

pointer-position = false

• Dual axis to display unlike data.

axis = right

• Series style to customize visualization.

style = opacity: 0.7; stroke-width: 3