Q1 Mining PPI Inflation at 62.1%: SCI

The average Producer Price Index for the mining sector in the four-quarter period ending June 21, which marks the end of the first quarter of the current fiscal year, increased by 62.1% compared with the same period of the year before, according to the Statistical Center of Iran.
The sector’s average PPI for the four-quarter period to March 21, i.e., the end of Q4 of the last Iranian year, had increased by 92.9% year-on-year. 
The average annual producer inflation of the “coal extraction” subsector in Q1 was at 64.2% and those of “extraction of metal ores” and “extraction of other mines” were at 62.4% and 58.3%, respectively. 
The overall PPI of the mining sector (using the Iranian year ending March 2017 as the new base year) stood at 1,178.2 in Q1, indicating a 7.4% increase compared with the previous quarter and a 27.4% growth over the same quarter of last year. 
The quarter-on-quarter producer inflation of the “coal extraction” was at 11.4% in Q1 and those of the “extraction of metal ores” and “extraction of other mines” reached 5.6% and 23.8%, respectively. 
The year-on-year producer inflation of “coal extraction” was 43.5% and those of the “extraction of metal ores” and “extraction of other mines” were 24.3% and 53.7%, respectively.