Shown below are figures for the consumer (CPI) and producer price (PPI) indexes. With the exception of the last period, all of the figures are for December of the particular year. The last two columns list the year-to-terminal date growth rates of the indexes. The value indexes use 1970 as a base year. For our initial class discussion, make the following comparisons.

Compare the CPI and PPI indexes to the monetary aggregate indexes, what conlusions can you draw ?
Compare the value indexes to the monetary aggregate growth rates, what conclusions can you draw ?

PRICE INDEXES 1982-84 = 100

YEAR CPI PPI INDEX CPI INDEX PPI VALUE 1 VALUE 2 RATE 1 RATE 1
1970 39.80 35.80 100.00 100.00 1.00 1.00
1971 41.10 37.00 103.27 103.35 0.97 0.97 3.27 3.35
1972 42.50 38.20 106.78 106.70 0.94 0.94 3.41 3.24
1973 46.20 42.30 116.08 118.16 0.86 0.85 8.71 10.73
1974 51.90 53.20 130.40 148.60 0.77 0.67 12.34 25.77
1975 55.50 56.40 139.45 157.54 0.72 0.63 6.94 6.02
1976 58.20 60.00 146.23 167.60 0.68 0.60 4.86 6.38
1977 62.10 64.10 156.03 179.05 0.64 0.56 6.70 6.83
1978 67.70 69.60 170.10 194.41 0.59 0.51 9.02 8.58
1979 76.70 81.10 192.71 226.54 0.52 0.44 13.29 16.52
1980 86.30 91.80 216.83 256.42 0.46 0.39 12.52 13.19
1981 94.00 99.30 236.18 277.37 0.42 0.36 8.92 8.17
1982 97.60 100.90 245.23 281.84 0.41 0.35 3.83 1.61
1983 101.30 102.00 254.52 284.92 0.39 0.35 3.79 1.09
1984 105.30 103.40 264.57 288.83 0.38 0.35 3.95 1.37
1985 109.30 104.10 274.62 290.78 0.36 0.34 3.80 0.68
1986 110.50 99.20 277.64 277.09 0.36 0.36 1.10 -4.71
1987 115.40 104.20 289.95 291.06 0.34 0.34 4.43 5.04
1988 120.50 108.10 302.76 301.96 0.33 0.33 4.42 3.74
1989 126.10 112.30 316.83 313.69 0.32 0.32 4.65 3.89
1990 133.80 119.00 336.18 332.40 0.30 0.30 6.11 5.97
1991 137.90 116.10 346.48 324.30 0.29 0.31 3.06 -2.44
1992 141.90 117.90 356.53 329.33 0.28 0.30 2.90 1.55
1993 145.80 117.90 366.33 329.33 0.27 0.30 2.75 0.00
1994 150.20 121.90 377.39 340.50 0.26 0.29 3.02 3.39
1995 154.00 125.70 386.93 351.12 0.26 0.28 2.53 3.12
1996 157.40 128.10 395.48 357.82 0.25 0.28 2.21 1.91

YEAR	CPI	PPI	INDEX CPI	INDEX PPI	VALUE 1	VALUE 2	RATE 1	RATE 1
1970	39.80	35.80	100.00	100.00	1.00	1.00
1971	41.10	37.00	103.27	103.35	0.97	0.97	3.27	3.35
1972	42.50	38.20	106.78	106.70	0.94	0.94	3.41	3.24
1973	46.20	42.30	116.08	118.16	0.86	0.85	8.71	10.73
1974	51.90	53.20	130.40	148.60	0.77	0.67	12.34	25.77
1975	55.50	56.40	139.45	157.54	0.72	0.63	6.94	6.02
1976	58.20	60.00	146.23	167.60	0.68	0.60	4.86	6.38
1977	62.10	64.10	156.03	179.05	0.64	0.56	6.70	6.83
1978	67.70	69.60	170.10	194.41	0.59	0.51	9.02	8.58
1979	76.70	81.10	192.71	226.54	0.52	0.44	13.29	16.52
1980	86.30	91.80	216.83	256.42	0.46	0.39	12.52	13.19
1981	94.00	99.30	236.18	277.37	0.42	0.36	8.92	8.17
1982	97.60	100.90	245.23	281.84	0.41	0.35	3.83	1.61
1983	101.30	102.00	254.52	284.92	0.39	0.35	3.79	1.09
1984	105.30	103.40	264.57	288.83	0.38	0.35	3.95	1.37
1985	109.30	104.10	274.62	290.78	0.36	0.34	3.80	0.68
1986	110.50	99.20	277.64	277.09	0.36	0.36	1.10	-4.71
1987	115.40	104.20	289.95	291.06	0.34	0.34	4.43	5.04
1988	120.50	108.10	302.76	301.96	0.33	0.33	4.42	3.74
1989	126.10	112.30	316.83	313.69	0.32	0.32	4.65	3.89
1990	133.80	119.00	336.18	332.40	0.30	0.30	6.11	5.97
1991	137.90	116.10	346.48	324.30	0.29	0.31	3.06	-2.44
1992	141.90	117.90	356.53	329.33	0.28	0.30	2.90	1.55
1993	145.80	117.90	366.33	329.33	0.27	0.30	2.75	0.00
1994	150.20	121.90	377.39	340.50	0.26	0.29	3.02	3.39
1995	154.00	125.70	386.93	351.12	0.26	0.28	2.53	3.12
1996	157.40	128.10	395.48	357.82	0.25	0.28	2.21	1.91