Q4 Electricity PPI at -3.9%
EghtesadOnline: The Producer Price Index for the electricity sector in the four-quarter period ending March 19 decreased by 3.96% compared with the same period of the year before, according to data reported by the Statistical Center of Iran.
The PPI of the sector (using 2011 as the base year) stood at 106.83 in the fourth quarter of last Iranian year (Dec. 22, 2019-March 19), indicating a decline of 7.07% compared with the same quarter of the year before.
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 CPI measures changes in the price level of a basket of consumer goods and services purchased by households.