PPI of 'Agronomy, Horticulture' at 11%

EghtesadOnline: The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period to Sept. 21, which marks the end of current year’s Q2, increased by 11% compared with the year before. The Statistical Center of Iran had put producer inflation of the four-quarter period leading to June 20 (the previous quarter) at 14.2%.

News ID: ۷۵۱۴۹۸

16 November 2020

The overall PPI of this group (using 2011 as the base year) stood at 630.6 in Q2 (June 21-Sept. 21), indicating a 23.1% increase compared with the same quarter of the year before. Year-on-year producer inflation of Q1 had increased by 3.3%.

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.