Domestic Economy
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Services PPI Inflation Hits Record

ppi services
ppi services

The average annual producer price inflation registered a record high in the third quarter of the current fiscal year (Sept. 22-Dec. 20, 2020).
The average Producer Price Index for the services sector in the four-quarter period ending Dec. 20, which marks the end of the third quarter of the current fiscal year (fall), increased by 35.3% compared with the same period of last year. It marked the highest average annual inflation since winter 2013 (the earliest available data on services producers' inflation on SCI’s website). 
The overall PPI for the services sector (using the year ending March 2017 as a base year) stood at 270.7 in Q3, indicating a 11.6% increase compared with the preceding quarter, the Statistical Center of Iran reported. 

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