Domestic Economy

Services Producer Inflation Above 47% in Spring: SCI

The average Producer Price Index for the services sector in the four-quarter period ending June 21, which marks the end of the first quarter of the current Iranian year and spring, increased by 47.3% compared with the same period of the year before.
This marks the highest annualized producer inflation experienced by the services sector since winter 2013 (the earliest available data on PPI inflation on the database of the Statistical Center of Iran). 
The overall PPI for the sector stood at 482 in Q1 (March 21-June 21), indicating a 13.8% increase compared with the preceding quarter. 
The index indicates a 49.4% increase year-on-year.


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