PPI Inflation  at 7.6%
PPI Inflation  at 7.6%

PPI Inflation at 7.6%

PPI Inflation at 7.6%

The average Producer Price Index in the 12 months ending August 22, which marks the end of the Iranian month of Mordad, increased by 7.6% compared with last year’s corresponding period, the latest report by the Central Bank of Iran announced. CBI put the preceding month’s PPI inflation at 7%. A year-on-year increase of 10% was registered in the index compared with the similar month of last year. PPI (using Iranian year to March 2012 as the base) stood at 243.8 in Mordad, indicating a 1.7% rise compared with the previous month. 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. The central bank’s latest data on CPI put Mordad inflation at 10%.

Short URL : https://goo.gl/pPMgLa
  1. https://goo.gl/ny4HsH
  • https://goo.gl/hNhiqf
  • https://goo.gl/ncLjzG
  • https://goo.gl/JxCquj
  • https://goo.gl/HHdGEH

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
Easy-Open Can Lid Imports  at $22 Million
Close to 3,610 tons of aluminum easy-open can lids worth $22...
Hologram Unveiled to Ensure Mushroom Safety
Hologram labels have been designed by the Agriculture Ministry...

Add new comment

Read our comment policy before posting your viewpoints