The overall Producer Price Index of the industrial sector stood at 805.4 in the second quarter of the current year (June 21-Sept. 21), indicating a 37% increase compared with the previous quarter – the highest quarter-on-quarter rise since the fiscal 2013-14, when the earliest available data on producers' inflation became available in Iran.
The year-on-year PPI inflation in summer this year was at 47.4%.
The sector’s QOQ and year-on-year PPI for the quarter to June 20, which marked the end of Q1 of the current Iranian year, had increased by 8.1% and 7.8%, respectively.
According to the Statistical Center of Iran, the lowest quarterly PPI inflation rates were recorded for “production of tobacco and cigarettes” subsector with 0% and “print and publication of recorded media” with 7.1% in Q2.
The highest quarterly PPI inflation rates were posted for “coal production industries-oil refineries” with 57%, “manufacturing of office machinery” with 43.6% and “production of base metals” with 43.5%.
The lowest year-on-year PPI inflation rate was registered for “production of tobacco and cigarettes” subsector with 15% and the highest increase was posted by “manufacturing of office machinery” with 172.4%, “production of base metals” with 108.4%, “manufacturing of transportation vehicles” with 94.7%, “production of electricity generating machines and transformers” with 81.6%, “production of furniture” with 75.4% and production of “fabric metal products except for machinery” with 72.3% compared with the same quarter of last year.
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