69250
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 ...

Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Stocks’ Rollercoaster Ride With JCPOA
Tehran's stock market is no stranger to systematic risk...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
New Cooperatives Created 68,000 Jobs in 12 Months
A total of 4,140 cooperatives were established in Iran during...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus