Producer Price Index for the industrial sector in the 12-month period ending March 20, which marked the end of last Iranian year, grew by 56.8% compared to the same period the year before.
The sector’s PPI for the four-quarter to Dec. 20, 2020 increased by 37.4%. Overall PPI of the industrial sector (using the Iranian year ending March 2017 as base year) was 485.8 in Q4 (Dec. 21, 2020-March 20), up 12.2% compared with the previous quarter and 93.6% growth over the same quarter the year before.
The sector’s quarterly and year-on-year PPI for the quarter to Dec. 20 had increased by 21.8% and 77.3%, respectively.
According to the Statistical Center of Iran, the lowest quarterly PPI inflation in Q4 was recorded for “production of tobacco and cigarettes” at zero and “manufacturing of other industrial products” at 1.7%. The highest quarterly PPI inflation rates were for “production of chemicals” at 19%, “production of coke and petroleum refineries’ byproducts” 16.6%, “manufacturing of motor vehicles, trailers and semi-trailers” 14.9%, and “manufacturing machinery and unclassified equipment” 13.4%.
The lowest year-on-year PPI inflation rate was for “tobacco and cigarettes” with 22.9%.
The highest year-on-year increases were in the “manufacturing of other transportation equipment” segment at 154.9%, “production of chemicals” 129.4%, “production of base metals”117.7%, “production of rubber and plastic products” 102.8%, and “manufacturing of electricity-generating equipment” 97.7% compared to the same quarter of the last year.
The lowest annual PPI inflation was recorded by “tobacco and cigarettes” with 19%.
The highest annual PPI was reported for “manufacturing of other transportation equipment” at 138.6%, “production of base metals” 105.6%, “manufacturing of electricity generating equipment” 71% and “production of chemicals” 69.1%.
