Central Bank of Iran: Slight Decline in Producer Inflation

A decrease of 2.4 percentage point was registered in the Producer Price Index for the Iranian month ending April 19 compared with the preceding month (Feb. 20-March 19), according to Governor of the Central Bank of Iran Abdolnasser Hemmati. 
The monthly producer inflation decreased from 1.6% in the month ending March 19 to -0.8% in the month ending April 19. 
“Year-on-year producer inflation reached 20.9% for the month under review, indicating a 2.9 percentage point decline compared with that of the month before,” Hemmati was quoted as saying by the CBI website. 
"Given the forward-looking nature of PPI, a decline in Consumer Price Index and inflationary expectations would be down the line," he added.