Industrial PPI Inflation at 34.4%

EghtesadOnline: The lowest annualized PPI inflation was recorded by “production of base metals” with 13.8% and the highest rate was registered for “food production” with 71.8%.

News ID: ۷۵۲۲۷۵

18 February 2023

The Producer Price Index for the industrial sector in the four-quarter period ending Dec. 21, which marks the end of the third quarter of the current Iranian year, grew by 34.4% compared with the corresponding period of the year before, the Statistical Center of Iran reported.

The PPI of the sector stood at 783.5 in Q3, indicating a 4.3% increase compared with the previous quarter and a 23.6% growth over the same quarter of the year before.

The lowest quarterly PPI inflation rates in Q3 were recorded for “production of paper and paper products” with -1.6%, “production of coke and oil refining products” with 0.9% and “manufacture of chemicals” with 1.2%.

The highest quarterly PPI inflation rates were registered for “production of uncategorized machinery and other equipment” with 24.1%, “production of pharmaceuticals, chemicals used in pharmacy and herbal remedies” with 18% and “production of metal products (except for machinery and equipment)” with 11.4%.