The average annual producer price index for industrial-scale livestock farms stood at 71.9% in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2022), new data released by the Statistical Center of Iran show.
The PPI for livestock farms stood at 887.5 in Q3, indicating a 2.8% and 72.5% increase compared with the preceding quarter and the same quarter of the year before, respectively.
Sistan-Baluchestan Province registered the highest quarter-on-quarter producer inflation with 12.9%, as South Khorasan Province posted the lowest with 0.5%.
West Azarbaijan Province saw the highest year-on-year PPI inflation with 98.1% while Bushehr had the lowest of 45.3%.
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.
