| To Bette Understand Chinese Economy： CPI or PPI？ |
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| 作者姓名： | Wang hao Luo Yang |
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| 作者单位： | From Haikou Central Branch, People＇s Bank of China |
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| 摘 要： | Puzzles in Chinese economy
Theoretically, CPI is the consumer price index and a measure of the level of inflation, reflecting the price change that consumers paid for goods and services. PPI is the producer price index, reflecting the price level of production. PPI is generally referred to the price indices of industrial products in China. Under normal circumstances, PPI is a leading indicator of CPI and has an important part in transmission of CPI; the current trend of the PPI will decide the general direction of CPI.
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| 关 键 词： | 中国 经济发展 CPI 消费价格指数 PPI 生产价格指数 |
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