PPI Hits Five-Year High
PPI Hits Five-Year High
Thursday, August 02, 2018

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
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
Thursday, August 02, 2018

PPI Hits Five-Year High

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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