Economy, Domestic Economy

PPI Inflation Remains Intact

PPI Inflation Remains IntactPPI Inflation Remains Intact

The Producer Price Index in the 12-month period ending October 21, which marks the end of the Iranian month of Mehr, increased by 3.2% compared with last year’s corresponding figure, according to the latest report by the Central Bank of Iran.

The CBI reported the same monthly average PPI inflation for the preceding month.

A year-on-year increase of 3.9% was registered in the index compared with the similar month of last year.

The PPI (using Iranian fiscal year to March 2012 as base year) stood at 224.5 in Mehr, indicating a 0.5% growth compared with the previous month, CBI reported.

The inflation of Consumer Price Index has been put at 8.7% for Mehr by the central bank.

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