PPI Inflation Exceeds 54 Percent in Fiscal 2021-22

The Producer Price Index (using fiscal 2016-17 as the base year) stood at 487.1 in the fiscal 2021-22 (ended March 20), indicating a 54.3% growth compared to the year before, new data released by the Statistical Center of Iran say.
The lowest and highest YOY producer inflation was registered for “production, transmission and distribution of electricity” and “mining" with 19.4% and 92.9%, respectively. 
The PPI measures price movements from the seller's point of view. Conversely, the consumer price index measures cost changes from the viewpoint of the consumer. In other words, this index tracks changes to the cost of production.
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.