Q3 Industrial Chicken Farms’ PPI Hit 69%

The average Producer Price Index for industrial chicken farms in the four quarters ending Dec. 21, which marks the end of Q3 fiscal 2021-22, increased by 69% compared with the similar period of the year before. 
The index had increased by 84% in the four-quarter period ending Sept. 22 (the end of second quarter). 
PPI increased by 33.4% in Q3 compared with the corresponding quarter of the year before (year-0n-year).
Using the year ending March 2017 as the base year, PPI stood at 493.8 for Q3, indicating a 2.8% growth compared with the preceding quarter (Q2). 
The highest quarter-on-quarter increase of the index among Iranian provinces was registered for Ardabil with 29%. Khorasan Razavi posted the highest quarter-on-quarter deflation among Iranian provinces with 8.2%.  
On a year-on-year basis, Ardabil registered the highest increase with 88.7% and Ilam posted the lowest inflation with 6.9%, the Statistical Center of Iran reported. 
PPI is a price index that measures average changes in prices received by domestic producers for their output.