Industrial Chicken Farms’ PPI Inflation at 84%
EghtesadOnline: The average Producer Price Index for industrial chicken farms in the four quarter period ending Oct. 22, which marks the end of the second quarter of the current fiscal year, increased by 84% compared with last year’s corresponding period.
The average annual PPI inflation in Q1 stood at 79.8%, meaning the Q2 figure witnessed a 4.2% rise.
The overall PPI for the sector in Q2, using the year ending March 2017 as the base year, stood at 480, indicating a 15.1% growth compared with the preceding quarter.
The quarterly inflation stood at 7.3% in Q1, meaning it rose by 7.8% in Q2.
The year-on-year change in Q2 index was at 68.8%, down 38.6% from 107.4% in Q1.
The highest quarter-on-quarter increase of the index among Iranian provinces during the period under review was registered for Tehran with 19.47% and the lowest was 0.2% for Ilam.
Gilan posted the highest quarter-on-quarter deflation among Iranian provinces with 0.8%.
On a year-on-year basis, Khuzestan registered the highest increase with 108.2% and Markazi posted the lowest inflation with 39.1%, the Statistical Center of Iran reported.
PPI is a price index that measures average changes in prices received by domestic producers for their output.
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.