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Mining Sector's PPI Inflation Hits 52%

Mining Sector's PPI Inflation Hits 52% Mining Sector's PPI Inflation Hits 52%

The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 21, 2019, increased by 52% compared with the same period of last year, according to the latest data released by the Statistical Center of Iran. 
The sector’s average PPI for the four-quarter period to Sept. 22, end of Q2, had increased by 59.2% year-on-year.
The average annual producer inflation of the “iron ore extraction” subsector in Q3 (March 21-Dec. 21) was at 90.3% and those of “extraction of metal ores” and “extraction of other mines” subsectors were at 53.4% and 36.4%, respectively. 
The overall PPI of the mining sector (using 2011 as the base year) stood at 523.3 in Q3, indicating a 6.5% increase compared with the previous quarter and a 37.6% growth over the same quarter of the year before.
The quarter-on-quarter producer inflation of the “iron ore extraction” subsector was at 18.3% in fall and those of the “extraction of metal ores” and “extraction of other mines” subsectors were at 5.5% and 6.2%, respectively.
Year-on-year producer inflation of the “iron ore extraction” subsector was 109.1% and those of the “extraction of metal ores” and “extraction of other mines” subsectors were 33.6% and 35.4%, respectively.

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