Economy, Domestic Economy
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Iran's Export Prices Index Sees 33.5% YOY

EPI for base metals had the highest YOY rise during Jan. 21-Feb. 19, recording a 45.7% uptick compared with last year’s similar month.EPI for base metals had the highest YOY rise during Jan. 21-Feb. 19, recording a 45.7% uptick compared with last year’s similar month.

Iran’s Export Price Index stood at 323.1 in the 11th Iranian month of Bahman (Jan. 21-Feb. 19), registering a 7.5% increase compared to the preceding month and a 33.5% rise compared with last year’s corresponding period, the Central Bank of Iran’s latest data show.
The average EPI during the 11 months to Feb. 19 witnessed a 19.4% growth year-on-year, IRNA reported.
EPI is primarily affected by two factors: foreign exchange rates and global commodity prices.
The index is calculated for the prices of one or a basket of commodities in international trading using, ideally, FOB export prices.

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