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Services PPI Inflation at 27.6% in Q1

Services PPI Inflation at 27.6% in Q1Services PPI Inflation at 27.6% in Q1

The average Producer Price Index for the services sector in the four-quarter period ending June 20 increased by 27.6% compared with the same period of last year, according to the latest data released by the Statistical Center of Iran. 
The sector’s average PPI for the four-quarter period to March 19, marking the end of Q4 of last Iranian year, had increased by 29% year-on-year.
The overall PPI for the services sector (using 2011 as the base year) stood at 440.3 in the first quarter of the current fiscal year (March 20-June 20), indicating a 6.7% increase compared with the preceding quarter and a 26.6% rise compared with last year's same quarter. 
Services PPI is based on the indexes of eight subsectors, namely “repairing motor vehicles, motorcycles and home devices” with a coefficient of 2.5%, “hotels and restaurants” with the coefficient of 4.8%, “transportation, warehouse services and communications” with a coefficient of 29.6%, “brokerage (insurance) services” with a coefficient of 1.9%, “real estate, renting and business” with a coefficient of 39%, “education” with a coefficient of 12.3%, “health services and social work” with a coefficient of 5.8%, and “other public, social and personal services” with a coefficient of 4.1%.   

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