SCI Surveys Iran's Q2 Producers' Prices in Industrial Sector

The Producer Price Index for the industry sector in the four-quarter period ending Sept. 22, 2019, which marks the end of summer, decreased by 0.2% compared with the same period of last year to reach 77%, according to data reported by the Statistical Center of Iran.
The overall PPI of the industrial sector (using 2011 as the base year) stood at 546.4 in Q2, indicating a 0.2% increase compared to the previous quarter and a 60.5% increase over the same quarter of last year.
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.