Iran Export Price Index Rises 33.5% YOY, 7.5% MOM

The 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 also witnessed a 19.4% growth year-on-year.
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.
The US dollar and euro grew by 0.92%% and 1.25% against the rial respectively in Bahman. The two currencies also gained 22% and 39% during the 11 months of the last fiscal year, reaching 45,750 and 57,190 rials respectively, according to Tehran Gold and Jewelry Union data.