Domestic Economy

Industrial Livestock Farms’ PPI at 17.29% in Q3

Industrial Livestock Farms’ PPI at 17.29% in Q3
Industrial Livestock Farms’ PPI at 17.29% in Q3

The Producer Price Index for industrial-scale livestock farms (using 2011 as the base year) stood at 748.95 in the third quarter of the current Iranian year (Sept. 22-Dec. 20, 2020), indicating a 26.97% and 47.78% increase compared with the preceding quarter and the same quarter of last year, respectively.  
Over the four-quarter period ending Dec. 20, livestock farms’ PPI increased by 17.29% year-on-year, the Statistical Center of Iran reported. 
The PPI for industrial-scale livestock farms increased by 10.74% in the four-quarter period ending Sept. 21. 
Ardabil Province posted the lowest producer inflation with 0.8% compared with preceding quarter while Hormozgan Province posted the highest quarter-on-quarter producer inflation with 53.4%.
Ardabil also posted the lowest year-on-year producer inflation of 7.9% while Chaharmahal-Bakhtiari Province registered the highest year-on-year producer inflation with 85.5% in Q3. 
PPI represents the average movement in selling prices from domestic production over time. It measures price movements from the seller's point of view. 
Conversely, the consumer price index measures cost changes from the viewpoint of the consumer. In other words, this index tracks change to the cost of production.

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