PPI Inflation of 'Agronomy, Horticulture' at 70.1 Percent

The Producer Price Index for the “agronomy, horticulture and traditional husbandry” in the four-quarter period ended Dec. 21, which marks the end of the second quarter of the current fiscal year (March 2021-22), increased by 70.1% compared with the year before. 
The Statistical Center of Iran had put producer inflation of the four-quarter period leading to Sept. 22 (Q2) at 66.5%. 
The overall PPI of this group (using the year ending March 2017 as the new base year) stood at 604.7 in Q3 (Sept. 22-Dec. 21), indicating a 67.8% increase compared with the same quarter of the year before. 
Year-on-year producer inflation of the previous quarter had increased by 79.7%.
The importance of PPI lies in its predictive content for the future pattern of the Consumer Price Index. Changes in PPI are usually reflected in CPI within a short period of time.