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Iran: Services PPI Inflation at 22.2% in Fiscal 2018-19

Iran: Services PPI Inflation at 22.2% in Fiscal 2018-19Iran: Services PPI Inflation at 22.2% in Fiscal 2018-19

The overall Producer Price Index for the services sector (using 2011 as the base year) stood at 296.5 in the last Iranian year (March 2018-19), indicating a 22.2% increase compared with the year before.
Services PPI is calculated based on the indexes of eight subsectors, namely “repairing motor vehicles, motorcycles and home devices”, “hotels and restaurants”, “transportation, storage services and communications”, “brokerage (insurance) services”, “real estate, leasing and business”, “education”, “health services and social work” and “other public, social and personal services”.   
PPI for “repairing motor vehicles, motorcycles and home devices” was 357.1 last year, indicating a 23.6% rise year-on-year, the Statistical Center of Iran reported. 

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