Iran PPI Inflation at 24.2% in Summer
The Producer Price Index in the year ending Sept. 22, 2018, which marks the end of summer, increased by 24.2% compared with the same period of last year, latest data released by the Statistical Center of Iran show.
The average overall PPI (using 2011 as the base year) stood at 319.7 for the period, indicating a 15% increase compared with the previous quarter (spring) and a 39.7% increase over the same quarter of last year.
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.
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.
PPI gauges the price fluctuations of goods and services for the producer whereas CPI measures changes in the price level of a basket of consumer goods and services purchased by households.
In other words, PPI is an index of prices measured at the wholesale, or producer level. It shows trends within the wholesale markets (as it was once called the Wholesale Price Index), production sector, manufacturing industries and commodities markets from the perspective of the seller.
source: Financial Tribune
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