Iran’s industrial PPI rises by over 6%
Baku, Azerbaijan, Dec. 28
By Fatih Karimov - Trend:
The industrial producer price index (PPI) in Iran rose by 6.6 percent in the first half of the current Iranian fiscal year (March 21-Sept. 22) compared to the same period of last year, Iran's Central Bank said Dec. 28.
The industrial PPI hit 93.6, a 6.6 percent rise year on year.
The index grew in 13 industrial categories, with vehicle manufacturing units experiencing the highest growth, i.e. 68.9 percent.
Meanwhile, the index fell in 11 industrial categories, with tobacco production units experiencing the highest decrease, i.e. 22.1 percent.
PPI in Iran rose by 13 percent in the 12-month period ending the last day of the eighth calendar month of Aban (Nov. 21), compared to the same period of last year.
PPI hit 207.8 in the month of Aban, which is a change of 0.6 percent compared to last month.
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.