The average Producer Price Index for the services sector in the four-quarter period ending Dec. 21, 2022, which marks the end of the third quarter of the current Iranian year (autumn), increased by 52.6% compared with the corresponding period of the year before, according to the Statistical Center of Iran.
This marks the highest annualized producer inflation experienced by the services sector since winter 2013 (the earliest available data on PPI inflation on the SCI database).
The overall PPI for the sector stood at 619.3 in Q3 (Sept. 23-Dec. 21, 2022), indicating a 10.6% increase compared with the preceding quarter.
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