Producer Price Index in Iran rises 15.8%
Baku, Azerbaijan, Feb. 21
By Fatih Karimov - Trend:
The Producer Price Index (PPI) in Iran rose by 15.8 percent in the 12-month period ending the last day of the tenth calendar month of Day (January 20), compared to the same period of last year, the Central Bank of Iran reported.
This is a change of 12.7 percent compared to same month in the previous year.
Goods and services indices rose by 13.4 percent and 20.8 percent respectively compared to the previous year's indices.
The highest growth was related to health and medical treatment sector, with 31.8 percent growth, and the lowest growth was related to tobacco industry, with minus 4.9 percent growth.
PPI measures the average change in selling prices received by domestic producers of goods and services over time. The PPI looks at three areas of production: industry-based, commodity-based, and stage-of-processing-based companies.
The core PPI can serve multiple roles in improving investment-making decisions because it can serve as a leading indicator for Consumer Price Index (CPI), which the most frequently cited measure of inflation.
PPI in Iran is measured based on prices of 708 items of goods and services categorized into eight groups of agriculture, forestation, and fishery; industry; transportation and warehousing; hotels and restaurants; information and telecommunication; education; health and social welfare; and other public and private services.
Meanwhile, the Consumer Price Index (CPI) in the mentioned 12-month period rose by 16.3 percent year on year.
This is a change of 15.7 percent compared to same month in the previous year.