Baku, Azerbaijan, Dec. 10
By Fatih Karimov - Trend:
The industrial producer price index (PPI) in Iran rose 18.7 percent in spring this year compared to spring of 2013, the Statistical Center of Iran reported on Dec. 9.
The industrial PPI was 14.3 percent higher compared to winter, it measures the gross monthly change in the trading price of industrial products.
The index hit 192.1 points in spring, the report said.
The highest growth in the industrial PPI was related to coal production and oil refining units, followed by vehicle production and food industrial units.
PPI in Iran rose by 13 percent in the 12-month period ending the last day of the eighth calendar month of Aban (November 21), compared to the same period of last year.
PPI hit 207.8 in the month of Aban, which is a change of 0.6 percent compared to last month.
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.
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.
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