The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period to March 20, which marks the end of the fourth quarter of last year (March 2020-21), increased by 34.7% compared with the year before.
The Statistical Center of Iran had put producer inflation of the four-quarter period leading to Dec. 20, 2020 (the previous quarter) at 27.5%.
The overall PPI of this group (using the year ending March 2017 as the new base year) stood at 389.5 in Q4 (Dec. 21, 2020-March 20), indicating a 52.9% increase compared with the same quarter of the year before. Year-on-year producer inflation of Q3 had increased by 52%.
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.
