Livestock Farms PPI at 67.2%

The average annual producer price index for industrial-scale livestock farms stood at 67.2% in the second quarter of the current fiscal year (June 22-Sept. 22), new data released by the Statistical Center of Iran show.
The PPI for livestock farms stood at 863.2 in Q2, indicating a 7.8% and 75.4% increase compared with the preceding quarter and the same quarter of the year before, respectively.  
Hormozgan Province registered the highest quarter-on-quarter producer inflation with 26.6%, as Gilan Province posted the lowest with -4.1%.
Ardabil Province registered the highest year-on-year PPI inflation with 141.6% while Khuzestan hit the lowest at 39.6%.
PPI measures price movements from the seller's point of view. Conversely, the consumer price index measures cost changes from the viewpoint of the consumer. In other words, this index tracks changes to the cost of production.
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.