Electricity PPI Inflation at Record High

EghtesadOnline: The Producer Price Index of the electricity sector (using 2011 as the base year) stood at 193.58 in the second quarter of the current Iranian year (June 21-Sept. 21), indicating a growth of 44.11% compared with the same quarter of last year.

News ID: ۷۵۱۴۴۳

09 November 2020

This marks the highest year-on-year rise since spring 2013, according to the earliest available data on services producers' inflation on the Statistical Center of Iran website.

The producer inflation for the electricity sector during the four-quarter period ending Sept. 21, increased by 22.7% compared with the same period of last year.

The PPI inflation of the services and industries sectors have also hit new highs.

The overall Producer Price Index for the services sector (using 2011 as the base year) stood at 500.9 in the second quarter of the current fiscal year (June 21-Sept. 21), indicating a 13.8% increase compared with the preceding quarter, making it the highest quarter-on-quarter rise since summer 2011, the earliest available data on services producers' inflation on the Statistical Center of Iran’s website.

The index registered a 34.2% increase compared with last year’s same quarter, which is the highest year-on-year inflation since spring 2012. The average PPI for the services sector in the four-quarter period ending Sept. 21 increased by 28.7% compared with the same period of last year. The sector’s average PPI for the four-quarter period to June 20, end of Q1 of the current Iranian year, had increased by 27.6% year-on-year.

The overall Producer Price Index of the industrial sector stood at 805.4 in the second quarter of the current fiscal year, indicating a 37% increase compared with the previous quarter – the highest quarter-on-quarter rise since fiscal 2013-14, when the earliest available data on producers' inflation were published in Iran.

The year-on-year PPI inflation in summer this year was at 47.4%. The sector’s quarterly and year-on-year PPI for the quarter ending June 20, which marked the end of Q1 of the current Iranian year, had increased by 8.1% and 7.8%, respectively.