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Mining PPI Inflation at 44% in Q2

Mining PPI Inflation at 44% in Q2Mining PPI Inflation at 44% in Q2

The average Producer Price Index for the mining sector in the four-quarter period that ended on Sept. 21 increased by 44% 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 June 20, end of Q1 of the current Iranian year, had increased by 37.7% year-on-year. 
The average annual producer inflation of the “coal extraction” subsector in Q2 was at 72.8% and those of “extraction of metal ores” and “extraction of other mines” subsectors were at 43.8% and 35.4%, respectively. 
The overall PPI of the mining sector (using 2011 as the base year) stood at 831.2 in Q2, indicating a 32.3% increase compared with the previous quarter and a 69.1% growth over the same quarter of last year. 
The quarter-on-quarter producer inflation of the “coal extraction” subsector was at 48.5% in Q2 and those of the “extraction of metal ores” and “extraction of other mines” subsectors were at 35.4% and 12.5%, respectively. 
The year-on-year producer inflation of the “coal extraction” subsector was 84% and those of the “extraction of metal ores” and “extraction of other mines” subsectors were 74.4% and 41.4%, respectively.
 

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