Central Bank Puts PPI Inflation at 3.3%
Central Bank Puts PPI Inflation at 3.3%

Central Bank Puts PPI Inflation at 3.3%

Central Bank Puts PPI Inflation at 3.3%

The average Producer Price Index in the 12-month period ending November 20, which marks the end of the Iranian month of Aban, reached 3.3% compared with last year’s corresponding period.
According to the latest report by the Central Bank of Iran, the preceding month’s PPI inflation stood at 3.2%. 
A year-on-year increase of 4.9% was registered in the index compared with Last year’s similar month. The PPI (using Iranian fiscal year to March 2012 as base year) stood at 226.6 in Aban, 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 data on CPI shows the average goods and services CPI for urban areas in the 12 months to November 20 increased 8.6% compared with last year’s corresponding period.

Short URL : https://goo.gl/9IbJwo
  1. https://goo.gl/9Mwhvr
  • https://goo.gl/yyMtKd
  • https://goo.gl/cpSvY5
  • https://goo.gl/fHyOLI
  • https://goo.gl/nGuJE9

You can also read ...

US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Arrest Over Afghan Forex Smuggling
A man has been arrested for smuggling $38,000 from Afghanistan...
IRICA: Gold, Forex Imports Not Smuggling
The import of foreign currency does not amount to smuggling...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...

Add new comment

Read our comment policy before posting your viewpoints