PPI of Agronomy, Horticulture Increases by 21.7% in Q3
EghtesadOnline: The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period to Dec. 20, which marks the end of the third quarter of the current year, increased by 21.7% compared with the year before.
The Statistical Center of Iran had put producer inflation of the four-quarter period leading to Sept. 21 (the previous quarter) at 13.6%.
The overall PPI of this group (using the year ending March 2017 as the new base year) stood at 360.3 in Q3 (Sept. 22-Dec. 20, 2020), indicating a 52% increase compared with the same quarter of the year before.
Year-on-year producer inflation of Q2 had increased by 28.2%.
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.
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