Economy, Domestic Economy

PPI Inflation at 11.1%

PPI Inflation at 11.1%PPI Inflation at 11.1%

The Producer Price Index for the industrial sector in the 12-month period ending June 21, which marks the end of spring, increased to 11.1% compared with the same period of last year, according to data reported by the Statistical Center of Iran. The industrial index indicates a 0.3 % increase compared to last spring and a 2.7% surge over winter. 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 Consumer Price Index measures changes in the price level of a basket of consumer goods and services.