Central Bank: PPI Inflation at 3.2%
Central Bank: PPI Inflation at 3.2%

Central Bank: PPI Inflation at 3.2%

Central Bank: PPI Inflation at 3.2%

The Producer Price Index in the 12-month period ending September 21, which marks the end of the Iranian month of Shahrivar, increased by 3.2% compared with last year’s corresponding period, according to the latest report of the Central Bank of Iran.
The index registered a year-on-year increase of 3.6% compared with the similar month of last year. PPI (using 2011 as the base year) stood at 223.3 in Shahrivar, indicating a 0.7% growth compared with the previous month, CBI reported on its website.
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 Consumer Price Index show the average goods and services Consumer Price Index for urban areas in the 12 months ending September 21 increased 8.8% compared with last year’s corresponding period.

Short URL : https://goo.gl/8RhYYI
  1. https://goo.gl/s1hJll
  • https://goo.gl/9k17Sb
  • https://goo.gl/ACyLpq
  • https://goo.gl/cFp0Ia
  • https://goo.gl/pA2mdn

You can also read ...

President Rouhani Officially Inaugurates Tabriz 2018
A glittering ceremony attended by President Hassan Rouhani was...
E-Jing GT electric sports car concept
The Beijing International Automotive Exhibition is a barometer...
Audi Recalling 1.16 Million Vehicles
Volkswagen AG’s luxury unit Audi said on Tuesday that it was...
Bank Branches Shrink
Iranian banks have shrunk by 0.3% in the previous quarter...
While Iran currently produces about 400,000 tons per year of aluminum, consumption is around 600,000 to 700,000 tons.
Iran is on track to launch a new aluminum smelter early next...
In its meeting on Tuesday, the Money and Credit Council, headed by CBI Governor Valiollah Seif, approved further cuts to interest rates levied on Housing Savings Account.
Iran's highest financial decision-making body has approved...
A host of high-level officials, including several ministers, CBI Governor Valiollah Seif and two deputies of President Hassan Rouhani were present at the meeting on April 25. 
Iran’s First Vice President Es’haq Jahangiri on Wednesday...
Pensions Account for Biggest Share of Treasury Payments
Payments to the Civil Servants Pension Organization accounted...