PPI inflation at 11.1%

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PPI inflation at 11.1%

January 4th, 2016

Awake Goy

Tehran, Jan 3, IRNA – The Producer Price Index for the industrial sector in the 12-month period ending June 21, which marks the end of spring, increased to 11.1% compared with the same period of last year, according to data reported by the Statistical Center of Iran.

The industrial index indicates a 0.3 % increase compared to last spring and a 2.7% surge over winter.

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 Consumer Price Index measures changes in the price level of a basket of consumer goods and services, Financial Tribune said.

By IRNA

Source Article from http://theiranproject.com/blog/2016/01/04/ppi-inflation-at-11-1/