EPI Rises 130.6% YOY, 24.6% MOM

EghtesadOnline: The export price index stood at 552.2 for the fourth month of the current fiscal year (June 22-July 22), registering a 24.6% increase compared with the preceding month and a 130.6% rise compared with last year’s corresponding month, the Central Bank of Iran’s latest data show.

News ID: ۷۸۳۷۹۱

26 August 2018

The index saw a rise of 83.2% over the four-month period and an increase of 44.1% over the 12-month period leading to July 22 compared with the same periods of the last year.

EPI is primarily influenced 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 FOB export prices, Financial Tribune reported.

EPI for the following products had the highest growth among all goods compared to the month before:

Liquefied propane and butane, methanol, light polyethylene, pistachio, urea, styrene, industrial oil, light polyethylene, copper concentrate, cement, ammonia, hand-woven wool carpet, evaporative coolers, hot-rolled steel, copper cathode, bitumen, zinc ingots, tiles and ceramics, cable, aluminum ingot, tractors, paraffin wax, car radiators, detergents, yogurt, tomato paste, frozen fish, cakes, ice-cream, raisins, plastic hose, white chocolate, dates, leather sandals, biscuits and wafers.

EPI for saffron and molybdenum oxide dropped compared to the month before. That of chemical products had the highest YOY rise, recording a 182.4% rise compared with last year’s similar month. Petrochemicals came second with a 154.9% YOY growth in EPI, followed by base metals and related products with 131.8% and minerals with a 129% YOY rise.