Iran's Export Price Index Increases 162% YOY

The export price index stood at 749.2 in the ninth month of the current Iranian year (Nov. 22-Dec. 21), registering a 20.2% decline compared with the preceding month and a 162.5% rise compared with the similar month of last year, the Central Bank of Iran’s latest data show. 
The index saw a rise of 162.6% over the preceding eight-month period and an increase of 130.4% over the 12-month period ending Dec. 21 compared with the corresponding periods of last year. 
EPI is primarily influenced by two factors: foreign exchange rates and global commodity prices. The index is calculated for the prices of one or a basket of commodities in international trading, using FOB export prices.