Central Bank: PPI Inflation at 10.8%

EghtesadOnline: The average Producer Price Index in the 12 months ending April 20, which marks the end of the Iranian month of Farvardin, increased by 10.8% compared with last year’s corresponding period, according to the Central Bank of Iran’s latest report.

News ID: ۷۴۵۲۵۶

06 May 2018

CBI put the preceding month’s PPI inflation at 10.5%.

A year-on-year increase of 12.7% was registered in the index compared with the similar month of last year. PPI (using Iranian year to March 2012) stood at 266.3 in Farvardin, indicating a 0.3% rise compared with the previous month.

Producer Price Index gauges the price fluctuations of goods and services for the producer whereas Consumer Price Index measures changes in the price level of a basket of consumer goods and services purchased by households, according to Financial Tribune.

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.

CBI’s latest report on CPI changes showed the average goods and services Consumer Price Index for urban areas in the 12 months ending April 20 increased by 9.2% compared with last year’s corresponding period.

The CBI report came after the Statistical Center of Iran put Bahman inflation at 8.1%.