Fiscal 2020-21 Services PPI Inflation Hit All-Time High

The services sector experienced the highest average annual inflation in the last fiscal year (March 2020-21).
The average Producer Price Index for the services sector in the year to March 20, 2021, which marks the end of last fiscal year, increased by 37.8% compared with the year before, the Statistical Center of Iran reported. 
This is the highest annual inflation experienced by the services sector since winter 2013 (the earliest available data on services producers' inflation on SCI’s website). 
The services PPI (using the year ending March 2017 as a base year) stood at 290.3 in the fourth quarter of last fiscal year (Dec. 21, 2020-March 20), indicating a 7.3% increase compared with the preceding quarter. 
The index measured for Q4 producer inflation in the services sector indicates a 42.6% increase compared with the same quarter of the year before – the highest year-on-year inflation since spring 2012 (the earliest available data on services producers' inflation on SCI’s website).