The Central Bank announced: the continuation of the downward trend of producer inflation – rahnam

According to rahnam news agency, the Central Bank announced: following the adoption of the policy of economic stabilization and reduction of exchange rate fluctuations, as well as price stability in imported basic goods, the point-to-point inflation trend of the producer price index decreased by 8 percentage points from 42.4% in March 1401 It decreased to 34.4% in November of the year.

The general approach of the central bank’s policies in the 13th government has been based on stabilizing the state of the country’s economy, controlling and managing liquidity, reducing exchange rate fluctuations, regulating the money market and currency market, and providing financing and directing resources towards productive activities.

Examining changes in the producer price index in this period also indicates an improvement in the inflation trend of this index, so that the twelve-month inflation of the producer price index has decreased from 82.6% in September 1400 to 35.1% in November this year.

It is necessary to explain that the rate of point-to-point inflation in May 1400 was equal to 103.1% and the twelve months ending this month was equal to 68.3%. However, since the second half of last year, affected by the growing trend of the exchange rate and subsequently its effect on the price increase of basic imported raw materials, the point-by-point inflation of this index started to increase; However, following the adoption of the policy of economic stabilization and reduction of exchange rate fluctuations, as well as price stability in imported basic goods, the point-to-point inflation trend of the producer price index decreased from the beginning of this year, so that this index decreased by 8.0 percentage points, from 42.4%. In March 1401, it reached 34.4% in November this year.

Inflation rate, inflation control, inflation control and production growth, Central Bank of the Islamic Republic of Iran, banking facilities, production facilities, production units,

Examining the developments of the producer price index by the main groups of “goods” and “services” this year shows that the point-by-point inflation trend of the producer price index has been mainly affected by the commodity items of this index; So that the point-to-point inflation of the special group “Goods” has decreased by 9.0 percentage points from 41.0% in April to 32.0% in November.

It should be mentioned that the stability in the foreign exchange market this year and as a result the reduction of exchange rate fluctuations has played a significant role in reducing the inflation of commodity groups. Also, point-to-point inflation of “Khemet” group has reached 39.7% from 40.0% in April this year.

The monthly inflation of the producer price index in November 1402 decreased by 0.7 percent compared to last month and reached 0.8 percent. The analysis of monthly inflation by the specific groups of “goods” and “services” indicates a 0.8% inflation of the goods group (importance factor 65.7%) with a share of inflation of 0.5 percentage points and a 0.8% inflation of services (importance factor of 34.3%) with a share of inflation of 0.3 It is a percentage unit that indicates the greater share of commodity items in shaping the monthly inflation of the producer price index in November.

Inflation rate, inflation control, inflation control and production growth, Central Bank of the Islamic Republic of Iran, banking facilities, production facilities, production units,

In general, considering the success of the economic stabilization policy and its positive effect on the stability of the currency market, it can be expected that the decrease in the point-to-point inflation of the producer price index as a predictor of the consumer price index will gradually lead to a further decrease in the inflation of the commodity price index. and consumer services in the coming months.

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