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Iran: PPI of 'Agronomy, Horticulture, Traditional Husbandry' Up 47.8%

PPI of 'Agronomy, Horticulture, Traditional Husbandry' Up 47.8%PPI of 'Agronomy, Horticulture, Traditional Husbandry' Up 47.8%

The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the year to March 20, 2019, which marks the end of last Iranian year, increased by 47.8% compared with the year before, new data released by the Statistical Center of Iran show. 
The overall PPI of this group (using 2011 as the base year) stood at 368.5 in Q4, indicating a 60.5% increase year-on-year.
The importance of PPI lies in its predictive content for the future pattern of Consumer Price Index. Changes in PPI are usually reflected in CPI within a short period of time.

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