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PPI Hits Five-Year High

A year-on-year increase of 27.8% was registered in the Producer Price Index in the month ending July 22 compared with the similar month of last year
PPI Hits Five-Year High PPI Hits Five-Year High
Of the eight main groups reviewed by the central bank, “Industry” registered the highest growth in monthly producer price index with 13.1% and the year-on-year increase of 37.9% in Tir

The average Producer Price Index in the 12 months ending July 22, which marks the end of the Iranian month of Tir, increased by 13.1% compared with last year’s corresponding period, according to the latest report by the Central Bank of Iran. 
CBI put the preceding month’s PPI inflation at 12%. This is a 1.1 percentage point increase over last month, a record high growth since June 22-July 22, 2013. 
The PPI (using Iranian year to March 2017 as the base year for the first time) stood at 135.6 in Tir, indicating a 10.3% rise compared with the previous month. 

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