Iran: Services PPI Surges 5.9% QoQ, 32.6% YoY

The overall Producer Price Index for the services sector (using 2011 as the base year) stood at 347.8 in the first quarter of the current Iranian year (March 21-June 21), indicating a 5.9% increase compared with the preceding quarter and a 32.6% rise compared with last year's same quarter.
Services PPI is calculated based on the indexes of eight subsectors, namely “repairing motor vehicles, motorcycles and home devices”, “hotels and restaurants”, “transportation, warehouse services and communications”, “brokerage (insurance) services”, “real estate, renting and business”, “education”, “health services and social work”, and “other public, social and personal services”.   
PPI for “repairing motor vehicles, motorcycles and home devices” stood at 431, indicating a 6.8% rise compared with the previous quarter and a 38.7% growth compared with the same quarter of last year, according to data reported by the Statistical Center of Iran. 
The index for “hotels and restaurants” stood at 539.3, posting a 13.6% rise quarter-on-quarter and a 57.7% rise year-on-year.