PPI of 'Agronomy, Horticulture, Husbandry' at 47.2% in Q1
EghtesadOnline: The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period ended June 21, which marks the end of the first quarter of the current fiscal year (March 2021-22), increased by 47.2% compared with the year before.
The Statistical Center of Iran had put producer inflation of the four-quarter period leading to March 20 (previous quarter) at 34.7%.
The overall PPI of this group (using the year ending March 2017 as the new base year) stood at 438.2 in Q1 (March 21-June 21), indicating a 68.4% increase compared with the same quarter of the year before. Year-on-year producer inflation of the previous quarter had increased by 52.9%.
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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