77093
PPI Inflation at 9.4%
PPI Inflation at 9.4%

PPI Inflation at 9.4%

PPI Inflation at 9.4%

The average Producer Price Index in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.4% compared with last year’s corresponding period, according to the latest report by the Central Bank of Iran.
The CBI put the preceding month’s PPI inflation at 8.9%.
A year-on-year increase of 11.3% was registered in the index compared with the similar month of last year. The PPI (using Iranian year to March 2012) stood at 252.2 in Aban, indicating a 0.6% 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.
PPI gauges the price fluctuations of goods and services for the producer whereas CPI measures changes in the price level of a basket of consumer goods and services purchased by households.
The central bank’s latest data on CPI show the average goods and services Consumer Price Index for urban areas in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.9% year-on-year, the latest report released by the Central Bank of Iran showed. 
CBI had put the inflation rate for the preceding month of Mehr, which ended on Oct. 22, at 9.8%. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 109.8 in Aban, indicating a 1.3% increase compared with the previous month. The index registered a YOY increase of 9.6% compared with the similar month of last year. 
The CBI report came after the Statistical Center of Iran put Aban inflation at 8.4%.

Short URL : https://goo.gl/ekbtLp
  1. https://goo.gl/n1pPbY
  • https://goo.gl/USTQM5
  • https://goo.gl/jnnQhK
  • https://goo.gl/C2mup6
  • https://goo.gl/rz1UmQ

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus