Q1 Mining PPI Exceeds 110%
EghtesadOnline: 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 112.3% 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 March 20, i.e. the end of Q4 of the last Iranian year, had increased by 79.8% year-on-year.
The average annual producer inflation of the “coal extraction” subsector in Q1 was at 99.4% and that of “extraction of metal ores” and “extraction of other mines” subsectors were at 120.1% and 61.7%, respectively.
The overall PPI of mining sector (using the Iranian year ending March 2017 as the new base year) stood at 925.2 in Q1, indicating a 38.7% increase compared with the previous quarter and a 154.1% growth over the same quarter of last year.
The quarter-on-quarter producer inflation of the “coal extraction” subsector was at 32.7% in Q1 and those of the “extraction of metal ores” and “extraction of other mines” subsectors were at 40.4% and 24.4%, respectively.
The year-on-year producer inflation of the “coal extraction” subsector was 126.5% and those of the “extraction of metal ores” and “extraction of other mines” subsectors were 166.2% and 77.1%, respectively.