Domestic Economy

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

PPI for “financial brokerage (insurance)” and “hotels and restaurants” saw the highest quarter-on-quarter and year-on-year rises of 18.2% and 57.7%, while that of "education" saw the lowest at 0.3% and 18.5% respectively
Iran: Services PPI Surges 5.9% QoQ, 32.6% YoY 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. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment