Domestic Economy
0

Livestock Farms PPI at 36%

Livestock Farms PPI at 36%Livestock Farms PPI at 36%

The average Producer Price Index for industrial-scale livestock farms in the four-quarter period ending March 19 increased by 36.16% compared to the preceding year's corresponding period. 
PPI, using 2011 as the base year, stood at 500.17 in the fourth quarter of last Iranian year (Dec. 22, 2019-March 19), indicating a 1.3% decrease compared with the preceding quarter. 
North Khorasan posted the sharpest deflation with 15.08% compared with the preceding quarter while Chaharmahal-Bakhtiari Province posted the highest quarter-on-quarter producer inflation with 6.14%, the Statistical Center of Iran reported.
The Q4 index registered an increase of 3.96% compared with the same quarter of the year before. 
East Azarbaijan Province posted the sharpest year-on-year producer deflation of 7.85% while Kohgilouyeh-Boyerahmad Province registered the highest year-on-year producer inflation with 21.47% in Q1.
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.
PPI gauges the price fluctuations of goods and services for the producer whereas CPI measures changes in the price level of a basket of consumer goods and services purchased by households.
In other words, PPI is an index of prices measured at the wholesale, or producer level. It shows trends within the wholesale markets (also known as the Wholesale Price Index), production and manufacturing industries and commodities markets from the perspective of the seller. 

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com