Q3 Industrial PPI Inflation Turns Negative After 16 Quarters
EghtesadOnline: The producer price index for the industrial sector in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) declined by 2.3% compared to the preceding quarter.
This is the first time in 16 quarters the index has declined compared to the previous quarter, Financial Tribune reported.
The last time producer inflation of the industrial sector, which measures price movements from the seller’s viewpoint, registered a negative growth (-1.8%) was in the third quarter of the fiscal 2015-16 (or Sept. 23-Dec. 21, 2015).
The overall Producer Price Index for the industrial sector (using 2011 as the base year) stood at 533.9 in autumn, indicating a 27% rise compared with the same quarter of the year before.
The PPI for the industrial sector in the four-quarter period ending Dec. 21 increased by 61.5%, according to the Statistical Center of Iran.