Jan 3, 2016, 11:48 AM
News Code: 81904682
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PPI inflation at 11.1%

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.