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Explain the new concept of producer price index

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Reference no: EM131849978

Discuss in Producer Price Index (PPI) and Consumer Price Index (CPI).

  1. Explain the new concept of Producer Price Index (PPI).
  2. Explain the new concept of Consumer Price Index (CPI).
  3. How relate Producer Price Index (PPI) to everyone's life, either right now or something from the past.
  4. How relate Consumer Price Index (CPI) to everyone's life, either right now or something from the past.

Please help me the foundation of business. Please answer separately of Producer Price Index (PPI) and Consumer Price Index (CPI). 

Reference no: EM131849978

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