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SCI Evaluates Q2 Producers' Prices in Mining Sector

SCI Evaluates Q2 Producers' Prices in Mining SectorSCI Evaluates Q2 Producers' Prices in Mining Sector

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 (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 ending 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 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.

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