<p dir="LTR"><span>Financial Tribune- The average Producer Price Index in the 12 months ending July 22, which marks the end of the Iranian month of Tir, increased by 7% compared with last year’s corresponding period, the latest report by the Central Bank of Iran shows.</span></p> <p dir="LTR"><span>The CBI put the preceding month’s PPI inflation at 6.5%.</span></p> <p dir="LTR"><span>A year-on-year increase of 8.9% was registered in the index compared with the similar month of last year. The PPI (using Iranian year to March 2012) stood at 239.7 in Tir, indicating a 1.1% rise compared with the previous month.</span></p> <p dir="LTR"><span>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.</span></p> <p dir="LTR"><span>The central bank’s latest data on CPI put Tir inflation at 10.3%.</span></p>