As the end of the year approaches, people across China see higher prices at grocery stores, gas pumps, and even at home as Beijing tries to tame inflation. According to a December report by China’s Bureau of National Statistics, the country’s producer price indexes (PPI) in October and November were up by 13.5 percent and 12.9 percent respectively compared to the same period last year. Meanwhile, its consumer price indexes (CPI) in October and November were up 1.5 percent and 2.3 percent compared to the same period last year. Investopedia defines the producer price index (PPI) and the consumer price index (CPI) as economic indicators that measure inflation. PPI measures inflation from the producers’ perspective, while CPI measures the total value of goods and services consumers have bought over a specified period. PPI measures the average change in sale prices for the entire domestic market of raw goods and services, …