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Q1 Electricity PPI Inflation at 9.91%

Q1 Electricity PPI Inflation at 9.91%Q1 Electricity PPI Inflation at 9.91%

The Producer Price Index for the electricity sector in the four-quarter period ending June 20 increased by 9.91% compared with the same period of last year, according to data reported by the Statistical Center of Iran.
PPI of the sector (using 2011 as the base year) stood at 154.82 in the first quarter of the current Iranian year (March 20-June 20), indicating a growth of 40.56% compared with the same quarter of last year.
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.

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