TEHRAN: Central Bank of Iran reported that Producer Price Index (PPI) rose by 15.3 percent in Iran at the end of Bahman month.
This is a change of 11.4 percent in the month of Bahman (Jan-Feb) compared to same month in the previous year.
Industry and service indices rose by 6.6 percent and 22.4 percent respectively compared to the previous year’s indices.
PPI measures the average change in selling prices received by domestic producers of goods and services over time. PPI in Iran is measured based on prices of 708 items of goods and services categorized into eight groups of agriculture, forestation, and fishery; industry; transportation and warehousing; hotels and restaurants; information and telecommunication; education; health and social welfare; and other public and private services.
The core PPI can serve multiple roles in improving investment-making decisions because it can serve as a leading indicator for Consumer Price Index (CPI), which the most frequently cited measure of inflation.
