Mining PPI Inflation at 58.9% in Third Quarter

The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 20, 2020, increased by 58.9% 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 ending Sept. 21, 2020, i.e., the end of the Iranian year’s second quarter, had increased by 42.6% year-on-year. 
The average annual producer inflation of the “coal extraction” subsector in Q3 was at 69.6% and those of “extraction of metal ores” and “extraction of other mines” subsectors were at 60.6% and 43.8%, respectively. 
The overall PPI of mining sector (using the Iranian year ending March 2017 as the new base year) stood at 590.9 in Q3, indicating a 17% increase compared with the previous quarter and a 97.2% growth over the same quarter of last year. 
The quarter-on-quarter producer inflation of the “coal extraction” subsector was at 27.3% in Q3 and those of “extraction of metal ores” and “extraction of other mines” subsectors were at 16.7% and 16.1%, respectively. 
The year-on-year producer inflation for “coal extraction” was 98.3% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 103.3% and 56.1%, respectively.