Industrial Chicken Farms’ PPI Inflation at 42% in Q3
EghtesadOnline: The average Producer Price Index for industrial chicken farms in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) increased by 42.23% compared with last year's corresponding quarter.
The overall PPI for the sector in autumn (ending Dec. 21, 2019), using 2011 as the base year, stood at 537.09, according to Financial Tribune.
The index indicates a 10.44% increase compared with the preceding quarter and a 14.14% rise compared with last year's same quarter.
The highest quarter-on-quarter increase of the index among Iranian provinces during the period under review was registered for Gilan with 40.22% and the sharpest decline was recorded in Lorestan with 10.62%.
On a year-on-year basis, Sistan-Baluchestan registered the highest increase with 67.57% and Qom posted the biggest decline with 5.08%, the Statistical Center of Iran reported.
PPI is a price index that measures average changes in prices received by domestic producers for their output. Its importance is being undermined by the steady decline in manufactured goods as a share of spending.