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Industrial PPI Inflation Hits Record High in Second Quarter

The quarter-on-quarter PPI inflation for the industrial sector in summer stood at 37%
Industrial PPI Inflation Hits Record High in Second Quarter Industrial PPI Inflation Hits Record High in Second Quarter

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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