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.