November 07, 2022 23:12

Services Producer Price Inflation Breaks Record

For “services related to accommodation and food”, PPI stood at 1,571, registering a 30.7% increase QOQ and a 117.1% increase YOY. The average annual PPI for the subsector in the four-quarter period increased by 96.4%

The average Producer Price Index for the services sector in the four-quarter period ending Sept. 22, which marks the end of the first half of the current Iranian year and summer, increased by 49.7% 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 560 in Q2 (June 22-Sept. 22), indicating a 16.2% increase compared with the preceding quarter.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

https://financialtribune.com/node/115875Click to copy the urlCopied

Republishing Guidelines