Producer Price Index rises by 13% in Iran
Baku, Azerbaijan, Nov.29
By Fatih Karimov - Trend:
The Producer Price Index (PPI) in Iran rose by 13 percent in the 12-month period ending the last day of the eighth calendar month of Aban (November 21), compared to the same period of last year, the Central Bank of Iran reported.
PPI hit 207.8 in the month of Aban.
This is a change of 0.6 percent compared to last month and 17.7 percent compared to one year ago.
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.