Domestic Economy
0

Iran's Mining PPI Inflation at 50.9% Last Year

Iran's Mining PPI Inflation at 50.9% Last YearIran's Mining PPI Inflation at 50.9% Last Year

The average Producer Price Index for the mining sector in the last fiscal year (ended March 20, 2019) increased by 50.9% compared with the year before to reach 349.9 (using 2011 as the base year).
According to the Statistical Center of Iran, producer inflation for “extraction of copper ores” stood at 197.1, indicating a 91.5% rise YOY—the highest inflation among the mining sector's subgroups. 
PPI of “extraction of iron ores” increased 61.9% year-on-year to reach 471.6, while that of “ornamental ores extraction” grew 21% YOY to hit 270.5. 
Producer inflation for “extraction of coal” subsector stood at 352.2, indicating a 33.4% rise ...

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com