Economy, Domestic Economy

EPI Down by 5%

EPI Down by 5%EPI Down by 5%

The overall export price index fell by 5% in the third month of the current Iranian year (started March 21) compared to one month earlier, according to the Central Bank of Iran.The overall index stood at 235.9 during the month, indicating 4.8% growth compared with the previous month. The index stood at 2.3% in the 12-month period ending June 21. Minerals experienced the highest price growth and went up 19.3%. The point-to-point inflation for this group rose 41.1%. The index for food products, drinks, tobacco and fats, oil, textile material and products, metals and metal products registered a minimum inflation of only 0.5% during the review period. The EPI for liquefied butane, methanol, aluminum billet, cleansing powders and liquids, motorcycle, tiles and paraffin wax contributed to the plunge in the index compared with a month earlier. But the EPI for other commodities like saffron, ammonia, pistachio, sheep intestines hiked.  EPI in Iran is calculated in rial based on rial’s parity rate against dollar. The export-earned foreign currency is calculated based on market (unofficial) exchange rate. During the review month, the dollar exchange rate and euro dropped respectively by 0.4% and 1.6%.