PPI Inflation of 'Agronomy, Horticulture’ at 66.5%

The Producer Price Index for the “agronomy, horticulture and traditional husbandry” in the four-quarter period ended Sept. 22, which marks the end of the second quarter of the current fiscal year (March 2021-22), increased by 66.5% compared with the year before. 
The Statistical Center of Iran had put producer inflation for the four-quarter period leading to June 21 (Q1) at 47.2%. 
The overall PPI of this group (using the year ending March 2017 as the base year) stood at 540.5 in Q2 (June 22-Sept. 22), indicating a 79.7% increase compared with the same quarter of the year before. 
Year-on-year producer inflation of the previous quarter had increased by 68.4%.
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.