Domestic Economy
0

Industrial Chicken Farms’ PPI Inflation at 42% in Q3

Industrial Chicken Farms’ PPI Inflation at 42% in Q3Industrial Chicken Farms’ PPI Inflation at 42% in Q3

The average Producer Price Index for industrial chicken farms in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) increased by 42.23% compared with last year's corresponding quarter.
The overall PPI for the sector in autumn (ending Dec. 21, 2019), using 2011 as the base year, stood at 537.09. 
The index indicates a 10.44% increase compared with the preceding quarter and a 14.14% rise compared with last year's same quarter. 
The highest quarter-on-quarter increase of the index among Iranian provinces during the period under review was registered for Gilan with 40.22% and the sharpest decline was recorded in Lorestan with 10.62%.  
On a year-on-year basis, Sistan-Baluchestan registered the highest increase with 67.57% and Qom posted the biggest decline with 5.08%, the Statistical Center of Iran reported. 
PPI is a price index that measures average changes in prices received by domestic producers for their output. Its importance is being undermined by the steady decline in manufactured goods as a share of spending. 

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com