Central Bank: PPI Inflation at 7%
Central Bank: PPI Inflation at 7%

Central Bank: PPI Inflation at 7%

Central Bank: PPI Inflation at 7%

The average Producer Price Index in the 12 months ending July 22, which marks the end of the Iranian month of Tir, increased by 7% compared with last year’s corresponding period, the latest report by the Central Bank of Iran shows.
The CBI put the preceding month’s PPI inflation at 6.5%.
A year-on-year increase of 8.9% was registered in the index compared with the similar month of last year. The PPI (using Iranian year to March 2012) stood at 239.7 in Tir, indicating a 1.1% rise 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 put Tir inflation at 10.3%.

Short URL : https://goo.gl/SUY9ko
  1. https://goo.gl/7H7jBY
  • https://goo.gl/3PBH91
  • https://goo.gl/2911G2
  • https://goo.gl/PqC6iG
  • https://goo.gl/sjtNy8

You can also read ...

CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Add new comment

Read our comment policy before posting your viewpoints