The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period to March 19, 2020, which marks the end of last Iranian year, increased by 32.9% compared with the year before, new data released by the Statistical Center of Iran show.
The overall PPI of this group (using 2011 as the base year) stood at 379 in Q4 (Dec. 22, 2019-March 19), indicating a 2.8% increase compared with the same quarter of the year before.
The importance of PPI lies in its predictive content for the future pattern of Consumer Price Index. Changes in PPI are usually reflected in CPI within a short period of time.
