Mining PPI Inflation at 79.8% in Fiscal 2020-21

The average Producer Price Index for the mining sector in the four-quarter period ending March 20 increased by 79.8% compared with the same period of the year before. 
According to the latest data released by the Statistical Center of Iran, the sector’s average PPI for the four-quarter period to Dec. 20, 2020, i.e., the end of Q3 of last Iranian year, had increased by 58.9% year-on-year. 
The average annual producer inflation of “coal extraction” subsector in Q4 was at 72.7% and those of “extraction of metal ores” and “extraction of other mines” subsectors reached 84.1% and 51.1%, respectively. 
The overall PPI of the mining sector (using the Iranian year ending March 2017 as the new base year) stood at 667.2 in Q4, indicating a 12.9% increase compared with the previous quarter and a 113.7% growth over the same quarter of last year. 
The quarter-on-quarter producer inflation of “coal extraction” subsector was at 2.5% in Q4 and those of the “extraction of metal ores” and “extraction of other mines” subsectors were at 14% and 7.4%, respectively. 
The year-on-year producer inflation of “coal extraction” subsector was 95.9% and those of “extraction of metal ores” and “extraction of other mines” subsectors reached 121.3% and 65.8%, respectively.