63340
Central Bank: PPI Inflation at 5.4%
Central Bank: PPI Inflation at 5.4%

Central Bank: PPI Inflation at 5.4%

Central Bank: PPI Inflation at 5.4%

The average Producer Price Index in the 12 months ending April 20, which marks the end of the Iranian month of Farvardin, reached 5.4% compared with last year’s corresponding period, the latest report by the Central Bank of Iran announced.
CBI put the preceding month’s PPI inflation at 5%.
A year-on-year increase of 9.2% was registered in the index compared with the similar month of last year. PPI (using Iranian year to March 2012) stood at 236.3 in Farvardin, indicating a 0.4% 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 goods and services CPI for urban areas in the 12 months to April 20 reached 9.5% compared with last year’s corresponding period.

Short URL : https://goo.gl/jyhCk9
  1. https://goo.gl/8brCIL
  • https://goo.gl/36MeDD
  • https://goo.gl/VDa9aD
  • https://goo.gl/HhAPIm
  • https://goo.gl/XgPFm1

You can also read ...

Experts believe the import ban would lead to a further rise in smuggling and market disruption.
The government has banned the import of 1,339 commodities...
CBI, Capital Market Agree to Control  Gold Coin Bull Run
As gold coin prices are skyrocketing, the Central Bank of Iran...
$1.5b in Tax Evasion Identified From Bank Accounts
About 63 trillion rials ($1.49 billion) worth of unpaid tax...
Mohammad Javad Zarif (4th L) addressed representatives of Iran Chamber of Commerce, Industries, Mines and Agriculture on June 24. (Photo: Bahareh Taghiabadi )
Foreign Minister Mohammad Javad Zarif assured the business...
Top US Court Restricts Police on Cellphone Location Data
The US Supreme Court on Friday imposed limits on the ability...
Iran Explores Int’l Space Collaborations at UN Meeting
Officials with Iran Space Agency participated in the two-day...
Xiaomi’s Hong Kong IPO
Xiaomi, one of the world’s leading smartphone makers, is...
Steel Exports Rise Over 28%
Iranian steelmakers exported 1.62 million tons of their...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus