Central Bank: PPI Inflation at 10.2%
Central Bank: PPI Inflation at 10.2%
Tuesday, February 27, 2018

Central Bank: PPI Inflation at 10.2%

Tuesday, February 27, 2018

Central Bank: PPI Inflation at 10.2%

The average Producer Price Index in the 12 months ending Feb. 19, which marks the end of the Iranian month of Bahman, increased by 10.2% 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 9.9%. A year-on-year increase of 11.9% was registered in the index compared with the similar month of last year. PPI (using Iranian year to March 2012) stood at 261.6 in Bahman, 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 Consumer Price Index within a short period of time. PPI gauges the price fluctuations of goods and services for the producer whereas CPI measures changes in the price level of a basket of consumer goods and services purchased by households. According to CBI’s latest report, the overall goods and services Consumer Price Index for urban areas (using the Iranian year to March 2017 as the base year) stood at 113.4 in Bahman, which indicates a 0.9% increase compared with the previous month. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/erGqu4
  1. https://goo.gl/SKWHuL
  • https://goo.gl/JhxGxF
  • https://goo.gl/BFvne5
  • https://goo.gl/QHRgzo
  • https://goo.gl/2bdKGt

You can also read ...

UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...

Add new comment