The overall Producers’ Price Index (using 2011 as the base year) stood at 477.5 in the second quarter of the current Iranian year (started March 21), indicating a 1.3% increase compared with the previous quarter and a 49.4% growth over the same quarter of last year, the Statistical Center of Iran reported.
Producer inflation in the four-quarter period ending Sept. 22 (annual inflation) grew by 59.9% compared with the same period of last year. The index calculated for the four-quarter period leading to June 21, end of the current year’s Q1, increased by 58.6%.
Services
PPI for the services sector stood at 373.1 in the second quarter of the current Iranian year (June 22-Sept. 22), indicating a 7.3% increase compared with the preceding quarter and a 30.9% rise compared with the same quarter of last year.
Services PPI is calculated based on the indexes of eight subsectors, namely “repairing motor vehicles, motorcycles and home devices”, “hotels and restaurants”, “transportation, warehouse services and communications”, “brokerage (insurance) services”, “real estate, renting and business”, “education”, “health services and social work”, and “other public, social and personal services”.
PPI for “repairing motor vehicles, motorcycles and home devices” subsector stood at 466.6, indicating an 8.3% rise compared with the previous quarter and 39.4% growth compared with the same quarter of last year, according to data reported by the Statistical Center of Iran.
“Hotels and restaurants” PPI was 586.4, posting an 8.7% rise quarter-on-quarter and a 57.3% rise year-on-year.
“Transportation, warehousing services and communications” PPI stood at 479.1, registering a 9.9% increase QOQ and 41.9% YOY.
“Financial brokerage (insurance)” PPI was 369.9, indicating a 0.8% rise compared with the previous quarter and 26.2% increase compared with the same quarter of last year.
“Real estate, renting and business”’ PPI stood at 257.9, registering a 5.2% rise QOQ and 19.8% increase YOY.
“Education” PPI stood at 314.6, posting a 1.4% rise compared with the previous quarter and an 18.4% increase compared with the same quarter of last year.
“Health services and social work” PPI index stood at 512.4, indicating a 10.5% rise over a quarter before and a 23.3% increase over the same quarter of last year.
PPI measured for the subsector of “other public, social and personal services” stood at 379.2, showing a 6.9% growth compared with the previous quarter and a 23.9% increase over the same quarter of last year.
Industry
The index for the industry sector in the year ending Sept. 22, which marks the end of summer, decreased by 0.2% compared with the same period of last year to reach 77%, according to data reported by the Statistical Center of Iran.
The overall PPI of the industrial sector (using 2011 as the base year) stood at 546.4 in Q2, indicating a 0.2% increase compared with the previous quarter and a 60.5% increase over the same quarter of last year.
Mining
The average PPI for the mining sector in the year ending Sept. 22, which marks the end of the second quarter of the current fiscal year (March 2019-20), increased by 59.2% compared with the same period of last year, according to data reported by the Statistical Center of Iran.
The sector’s average PPI for the four-quarter period to June 21, end of Q1, had increased by 58.9% year-on-year.
Annual producer inflation of “iron ore extraction” subsector in Q2 was 71.9% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 65.4% and 34%, respectively.
The overall PPI of the mining sector (using 2011 as the base year) stood at 491.4 in Q2, indicating a 3.5% increase compared with the previous quarter and a 51.4% growth over the same quarter of last year.
Quarterly producer inflation of “iron ore extraction” subsector was -1.3% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 3.5% and 5.9%, respectively.
Year-on-year producer inflation of “iron ore extraction” subsector was 91.6% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 51.8% and 38.4%, respectively.
Electricity
The overall Producers’ Price Index of the electricity sector (using 2011 as the base year) stood at 134.32 in the second quarter of the current Iranian year (June 22-Sept. 22), indicating a decline of 1.42% compared with the same quarter of last year.
PPI for the electricity sector in the four-quarter-period ending Sept. 22 had decreased by 3.48%, according to data reported by the Statistical Center of Iran.
Agronomy, Horticulture, Traditional Husbandry
PPI for the “agronomy, horticulture and traditional husbandry” group in the year ending Sept. 22, which marked the end of the second quarter of the current Iranian year, increased by 63.7% compared with the same period of last year, according to data reported by the Statistical Center of Iran.
The overall PPI of the “agronomy, horticulture and traditional husbandry” (using 2011 as the base year) stood at 512.2 in Q2, indicating a 44.2% increase year-on-year.
Poultry Farms
Producers’ Price Index of industrial poultry products in the second quarter of the current year (June 22-Sept. 22), which marks the end of summer, reached 486.32, indicating an increase of 11.87% compared with the preceding quarter and 37.17% over the same quarter of last year.
The sector’s annual PPI, four-quarter period leading to Sept. 22, grew by 59.59%, the Statistical Center of Iran reported.
Producer inflation of chicken and egg groups increased by 13.25% and 6.55% in summer compared with the preceding quarter. On a year-on-year basis, chicken group PPI increased by 56.79% but the egg group’s PPI declined by 10.79% in the second quarter of the current year.
The highest quarter-on-quarter PPI growth for poultry farms among Iranian provinces in Q2 was registered for Semnan Province with 28.82% whereas Golestan Province registered a quarterly deflation of 8.49%. The highest year-on-year PPI increase was posted by poultry farms in Sistan-Baluchestan (84.65%) whereas Qom was the only Iranian province, registering a YOY deflation of 7.91% in Q2.
Cattle Farms
The Producers’ Price Index for the industrial-scale cattle farms (using 2011 as the base year) stood at 512.3 in the second quarter of the current year (June 22-Sept. 22), indicating a 1.97% increase compared with the preceding quarter and a 53.85% rise compared with the same quarter of last year.
The sector’s average PPI for the four-quarter period ending Sept. 22, end of Q2, had increased by 72.47% year-on-year.
