Iran’s Q2 mining producer inflation at 116%

The average Producer Price Index for the mining sector in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year, increased by 116.1% compared with the same period of the year before.

14 November 2021
ID : 33246
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The average Producer Price Index for the mining sector in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year, increased by 116.1% compared with the same period of the year before. 

According to the latest data released by the Statistical Center of Iran, the sector’s average PPI for the four-quarter period to June 21, i.e., the end of Q1 of current Iranian year, had increased by 154.1% year-on-year. 

The average annual producer inflation of the “coal extraction” subsector in Q1 was at 102% and those of “extraction of metal ores” and “extraction of other mines” subsectors were at 123.3% and 67.4%, respectively. 

The overall PPI of mining sector (using the Iranian year ending March 2017 as the new base year) stood at 1,018.2 in Q2, indicating a 10.1% increase compared with the previous quarter and a 101.6% growth over the same quarter of last year. 

The quarter-on-quarter producer inflation of the “coal extraction” subsector was at 9.4% in Q2 and those of the “extraction of metal ores” and “extraction of other mines” subsectors reached 10.2% and 8.7%, respectively. 

The year-on-year producer inflation of the “coal extraction” subsector was 89.6% and those of the “extraction of metal ores” and “extraction of other mines” subsectors were 105.8% and 68.6%, respectively. 

 

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