Question

Identify two prices indices?

Answer 1

Answer:

Some notable price indices include:

Consumer price index.

Producer price index.

Employment cost index.

Export price index.

Import price index.

GDP deflator.....

Answer 2

Answer:

1. consumer price index
2. producer price index

Explanation:

consumer price index: it measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.

producer price index: it is a price index that measures the average changes in prices received by domestic producers for their output.