Mining PPI Inflation at 25.1%

EghtesadOnline: The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 21, 2022, which marks the end of the third quarter of the current fiscal year, increased by 25.1% compared with the same period of the year before, according to the Statistical Center of Iran.

News ID: ۷۵۲۲۸۳

19 February 2023

The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 21, 2022, which marks the end of the third quarter of the current fiscal year, increased by 25.1% 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 Sept. 22, i.e., the end of Q2 of the current Iranian year, had increased by 40.4% year-on-year.

The average annual producer inflation of the “coal extraction” subsector in Q3 was at 36.4% and those of “extraction of metal ores” and “extraction of other mines” were at 21.6% and 56.7% respectively.

The overall PPI of the mining sector (using the Iranian year ending March 2017 as the new base year) stood at 1,166 in Q3, indicating a 1% increase compared with the previous quarter and a 9.7% rise against the same quarter of last year.

The quarter-on-quarter producer inflation of the “coal extraction” was at -3.9% in Q3 and those of the “extraction of metal ores” and “extraction of other mines” reached -0.2% and 8.6%, respectively.

The year-on-year producer inflation of “coal extraction” was 18.3% and those of the “extraction of metal ores” and “extraction of other mines” were 4.6% and 57.9%, respectively.