46529
Central Bank: PPI Inflation Down 3.5%
Economy, Domestic Economy

Central Bank: PPI Inflation Down 3.5%

The Producer Price Index in the 12-month period ending July 21, which marks the end of the Iranian month of Tir, increased by 3.5% compared with last year’s corresponding period, according to the latest report of the Central Bank of Iran. The CBI put the preceding month’s PPI inflation at 3.8%. The index registered a year-on-year increase of 2.7% compared with the similar month of last year. PPI (using 2011 as the base year) stood at 220.1 in Tir, indicating a 0.9% growth 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 statistics on the Consumer Price Index show the goods and services CPI for urban areas in the 12 months ending July 21, increased 9.2% compared with last year’s corresponding period.

Short URL : http://goo.gl/0dlZtH
  1. http://goo.gl/arn1l7
  • http://goo.gl/Jb4iVj
  • http://goo.gl/JDyRvU
  • http://goo.gl/kGlFM7
  • http://goo.gl/Xio6lK

You can also read ...

Iran Trade Mission Heads for Croatia
An Iranian delegation comprising 30 members of Iran Chamber of...
Gov’t Sole Guarantor of Foreign Finance Deals
Following misleading reports in the media, the Central Bank of...
Famous developers will speak at the conference.
The second Iran iOS Developers Conference will be held in...
On-Demand Laundry App Launched
A local startup dubbed ‘Paklean’ has launched a new service...
Twenty-three million tons of garbage are annually produced in Iran and per capita production of municipal solid waste stands at 292 kilograms.
Recycling is a strategic industry, as it generates...
Cooperatives Minister Ali Rabiei (3rd R) attended a meeting with German entrepreneurs and industrialists in Tehran on Sept. 18.
Two major banks and 10% of Iran’s stock exchange market are...
388 Kg of Caviar Exported in 5 Months
Close to 388 kilograms of caviar worth nearly 31.5 billion...
Over 24 Km of Underground Explorations Last Year
Over 24,640 meters of underground mining exploration were...

Trending

Googleplus