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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