PPI Inflation Hike Alarming
PPI Inflation Hike Alarming
Sunday, June 03, 2018

PPI Inflation Hike Alarming

The economic team of President Hassan Rouhani managed to gradually rein in the runaway inflation rates of above 40% inherited from the previous administration and bring it down to single digit territory for the first time after about a quarter century in
PPI for the industrial sector increased by 2.3% in Ordibehesht compared with a month before—the highest PPI increase and year-on-year inflation of all sectors to reach 18.6%
Sunday, June 03, 2018

PPI Inflation Hike Alarming

The producer price index (using Iranian year to March 2012) stood at 271.2 for the month ending May 21 (the second Iranian month of Ordibehesht), increasing by a four-year high of 1.8% compared with the previous month. 
The monthly PPI growth, as reported by the Central Bank of Iran, hit levels higher than 3% in a month ending May 21, 2014. Since then, it never increased beyond 1.7%, which makes its 1.8% growth alarming. 
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 117.5 in Ordibehesht, indicating a 1.6% increase compared with the previous month. The index registered a year-on-year increase of 9.7% compared with the similar month of last year, the Persian economic daily Donya-e-Eqtesad reported. 


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